Park Avenue Securities LLC Buys New Position in JPMorgan Income ETF $JPIE

Park Avenue Securities LLC bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, HoldingsChannel reports. The firm bought 24,347 shares of the company’s stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 71.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after buying an additional 1,914,053 shares in the last quarter. Hilton Capital Management LLC purchased a new position in JPMorgan Income ETF in the second quarter worth $44,037,000. Envestnet Asset Management Inc. grew its position in JPMorgan Income ETF by 52.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after acquiring an additional 839,269 shares in the last quarter. JPMorgan Chase & Co. increased its stake in JPMorgan Income ETF by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock valued at $344,800,000 after acquiring an additional 578,800 shares during the last quarter. Finally, Truist Financial Corp increased its stake in JPMorgan Income ETF by 105.4% in the third quarter. Truist Financial Corp now owns 755,740 shares of the company’s stock valued at $35,074,000 after acquiring an additional 387,821 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE opened at $46.01 on Thursday. The stock’s 50-day simple moving average is $46.32 and its two-hundred day simple moving average is $46.35. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.61.

JPMorgan Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2082 per share. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend 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.