JPMorgan Income ETF $JPIE Stake Lifted by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC raised its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 60.7% in the fourth quarter, HoldingsChannel reports. The firm owned 164,653 shares of the company’s stock after acquiring an additional 62,213 shares during the period. JPMorgan Income ETF comprises about 5.1% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its largest holding. Winebrenner Capital Management LLC’s holdings in JPMorgan Income ETF were worth $7,622,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Parkworth Wealth Management Inc. bought a new position in shares of JPMorgan Income ETF during the 2nd quarter worth $29,000. Imprint Wealth LLC purchased a new position in shares of JPMorgan Income ETF during the third quarter valued at $33,000. ESL Trust Services LLC bought a new stake in shares of JPMorgan Income ETF in the third quarter valued at about $35,000. Central Pacific Bank Trust Division purchased a new stake in JPMorgan Income ETF in the fourth quarter worth about $35,000. Finally, Total Investment Management Inc. bought a new position in JPMorgan Income ETF during the 2nd quarter worth about $37,000.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $45.92 on Friday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.61. The company’s 50-day simple moving average is $46.35 and its two-hundred day simple moving average is $46.36.

JPMorgan Income ETF Increases Dividend

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

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.