Williams Financial LLC Purchases 597,595 Shares of JPMorgan Income ETF $JPIE

Williams Financial LLC boosted its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 131.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,053,702 shares of the company’s stock after acquiring an additional 597,595 shares during the quarter. JPMorgan Income ETF makes up 28.2% of Williams Financial LLC’s portfolio, making the stock its biggest holding. Williams Financial LLC’s holdings in JPMorgan Income ETF were worth $48,776,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JPIE. Sequoia Financial Advisors LLC raised its holdings in JPMorgan Income ETF by 71.0% in the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after acquiring an additional 1,914,053 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings 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 valued at $113,152,000 after acquiring an additional 839,269 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Heritage Financial Services LLC raised its holdings in JPMorgan Income ETF by 23.6% in the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock valued at $131,863,000 after acquiring an additional 543,246 shares in the last quarter. Finally, Vigilare Wealth Management acquired a new stake in JPMorgan Income ETF in the fourth quarter valued at approximately $20,737,000.

JPMorgan Income ETF Stock Down 0.1%

Shares of NYSEARCA:JPIE opened at $45.94 on Tuesday. The firm’s 50 day moving average price is $46.16 and its 200 day moving average price is $46.29. JPMorgan Income ETF has a fifty-two week low of $45.66 and a fifty-two week high of $46.61.

About JPMorgan Income ETF

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.