NewEdge Advisors LLC Has $12.29 Million Stock Position in JPMorgan Income ETF $JPIE

NewEdge Advisors LLC lifted its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 25.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 266,874 shares of the company’s stock after buying an additional 54,424 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Income ETF were worth $12,295,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JPIE. JPMorgan Chase & Co. boosted its stake in JPMorgan Income ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares during the period. Morgan Stanley raised its stake in JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares during the period. Sequoia Financial Advisors LLC raised its stake in JPMorgan Income ETF by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after purchasing an additional 791,361 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of JPMorgan Income ETF by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after purchasing an additional 1,181,828 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after purchasing an additional 513,347 shares in the last quarter.

JPMorgan Income ETF Stock Up 0.2%

Shares of JPMorgan Income ETF stock opened at $45.84 on Friday. JPMorgan Income ETF has a 12 month low of $45.65 and a 12 month high of $46.61. The business has a fifty day simple moving average of $45.90 and a 200-day simple moving average of $46.08.

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.