Oppenheimer & Co. Inc. Acquires New Stake in JPMorgan Income ETF $JPIE

Oppenheimer & Co. Inc. bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,486 shares of the company’s stock, valued at approximately $1,413,000.

A number of other hedge funds have also made changes to their positions in the company. Rice Partnership LLC acquired a new position in JPMorgan Income ETF in the 1st quarter valued at $30,000. Torren Management LLC acquired a new stake in JPMorgan Income ETF during the 1st quarter worth $34,000. Kings Path Partners LLC acquired a new stake in JPMorgan Income ETF during the 3rd quarter worth $62,000. GK Wealth Management LLC purchased a new stake in shares of JPMorgan Income ETF during the third quarter worth $67,000. Finally, NFSG Corp grew its holdings in shares of JPMorgan Income ETF by 141.4% during the third quarter. NFSG Corp now owns 1,859 shares of the company’s stock worth $83,000 after buying an additional 1,089 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $45.25 on Monday. The firm has a 50-day simple moving average of $45.22 and a 200-day simple moving average of $45.86. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week high of $46.61.

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.