Waverly Advisors LLC Grows Holdings in JPMorgan Income ETF $JPIE

Waverly Advisors LLC lifted its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,491,534 shares of the company’s stock after acquiring an additional 215,345 shares during the quarter. JPMorgan Income ETF accounts for 0.9% of Waverly Advisors LLC’s investment portfolio, making the stock its 16th largest position. Waverly Advisors LLC owned 1.31% of JPMorgan Income ETF worth $114,785,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank acquired a new position in JPMorgan Income ETF during the fourth quarter worth $26,000. Rice Partnership LLC acquired a new stake in shares of JPMorgan Income ETF in the first quarter valued at $30,000. Imprint Wealth LLC acquired a new stake in shares of JPMorgan Income ETF in the third quarter valued at $33,000. Torren Management LLC purchased a new stake in shares of JPMorgan Income ETF in the 1st quarter valued at $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Income ETF in the 4th quarter valued at $35,000.

JPMorgan Income ETF Price Performance

JPIE opened at $45.79 on Friday. The stock’s 50-day moving average price is $45.93 and its 200 day moving average price is $46.12. JPMorgan Income ETF has a 12-month low of $45.73 and a 12-month 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.