BNB Wealth Management LLC Makes New Investment in JPMorgan Income ETF $JPIE

BNB Wealth Management LLC purchased a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 75,291 shares of the company’s stock, valued at approximately $3,485,000. JPMorgan Income ETF makes up 2.2% of BNB Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds also recently bought and sold shares of JPIE. Cetera Investment Advisers raised its holdings in shares of JPMorgan Income ETF by 11.3% during the fourth quarter. Cetera Investment Advisers now owns 551,425 shares of the company’s stock valued at $25,526,000 after acquiring an additional 56,005 shares during the last quarter. Colter Lewis Investment Partners LLC acquired a new position in shares of JPMorgan Income ETF during the fourth quarter valued at approximately $3,870,000. Kovack Advisors Inc. raised its holdings in shares of JPMorgan Income ETF by 19.5% during the fourth quarter. Kovack Advisors Inc. now owns 51,478 shares of the company’s stock valued at $2,383,000 after acquiring an additional 8,400 shares during the last quarter. Capital Planning Advisors LLC acquired a new position in shares of JPMorgan Income ETF during the fourth quarter valued at approximately $682,000. Finally, Regal Investment Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 15.7% during the fourth quarter. Regal Investment Advisors LLC now owns 47,761 shares of the company’s stock valued at $2,211,000 after acquiring an additional 6,472 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $45.95 on Thursday. The business has a 50 day simple moving average of $46.03 and a two-hundred day simple moving average of $46.21. JPMorgan Income ETF has a 12 month low of $45.77 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.