Fragasso Financial Advisors Inc Purchases 57,722 Shares of JPMorgan Income ETF $JPIE

Fragasso Financial Advisors Inc purchased a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,722 shares of the company’s stock, valued at approximately $2,587,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fermata Advisors LLC purchased a new position in shares of JPMorgan Income ETF during the third quarter valued at $365,000. Scott Capital Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 4.9% in the third quarter. Scott Capital Advisors LLC now owns 627,371 shares of the company’s stock worth $28,112,000 after buying an additional 29,560 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in shares of JPMorgan Income ETF by 33.3% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 949,910 shares of the company’s stock valued at $42,641,000 after acquiring an additional 237,167 shares during the period. GK Wealth Management LLC acquired a new position in JPMorgan Income ETF during the third quarter worth $67,000. Finally, Castle Rock Wealth Management LLC boosted its stake in shares of JPMorgan Income ETF by 10.3% in the third quarter. Castle Rock Wealth Management LLC now owns 63,730 shares of the company’s stock worth $2,854,000 after acquiring an additional 5,964 shares during the last quarter.

JPMorgan Income ETF Stock Performance

JPIE traded down $0.03 on Tuesday, reaching $44.78. 1,217,442 shares of the company’s stock were exchanged, compared to its average volume of 1,510,181. JPMorgan Income ETF has a twelve month low of $44.58 and a twelve month high of $46.61. The stock’s fifty day moving average price is $45.45 and its 200-day moving average price is $45.79.

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.