Element Pointe Advisors LLC Makes New $14.79 Million Investment in JPMorgan Income ETF $JPIE

Element Pointe Advisors LLC purchased a new position in JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, HoldingsChannel reports. The firm purchased 318,624 shares of the company’s stock, valued at approximately $14,787,000. JPMorgan Income ETF comprises 3.2% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its holdings in JPMorgan Income ETF by 3.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after purchasing an additional 289 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of JPMorgan Income ETF by 1.8% during the 3rd quarter. Cresset Asset Management LLC now owns 18,050 shares of the company’s stock valued at $838,000 after purchasing an additional 323 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of JPMorgan Income ETF by 26.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after buying an additional 343 shares in the last quarter. Independent Wealth Network Inc. lifted its holdings in shares of JPMorgan Income ETF by 2.6% in the third quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock valued at $643,000 after buying an additional 346 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in JPMorgan Income ETF by 95.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock valued at $41,000 after buying an additional 429 shares in the last quarter.

JPMorgan Income ETF Stock Down 0.0%

NYSEARCA:JPIE opened at $46.28 on Thursday. The business’s 50-day moving average price is $46.41 and its 200 day moving average price is $46.38. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.2082 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20.

JPMorgan Income ETF Company Profile

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.