Miller Global Investments LLC Takes Position in JPMorgan Income ETF $JPIE

Miller Global Investments LLC acquired a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 86,020 shares of the company’s stock, valued at approximately $3,982,000. JPMorgan Income ETF makes up 3.6% of Miller Global Investments LLC’s portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in JPMorgan Income ETF by 71.0% during the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after purchasing an additional 1,914,053 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock worth $317,321,000 after buying an additional 1,783,134 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of JPMorgan Income ETF during the 2nd quarter worth $44,037,000. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Income ETF by 52.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after buying an additional 839,269 shares during the period. Finally, Truist Financial Corp grew its stake in JPMorgan Income ETF by 105.4% in the 3rd quarter. Truist Financial Corp now owns 755,740 shares of the company’s stock valued at $35,074,000 after buying an additional 387,821 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE opened at $46.07 on Friday. JPMorgan Income ETF has a 1 year low of $45.01 and a 1 year high of $46.61. The firm’s fifty day simple moving average is $46.36 and its 200 day simple moving average is $46.36.

JPMorgan Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.2082 dividend. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.