Towle & Co. Takes $1.38 Million Position in JPMorgan Income ETF $JPIE

Towle & Co. acquired a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the first quarter, Holdings Channel reports. The firm acquired 29,896 shares of the company’s stock, valued at approximately $1,377,000.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Income ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock valued at $357,883,000 after buying an additional 301,897 shares in the last quarter. Morgan Stanley raised its position in JPMorgan Income ETF by 25.8% in the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after acquiring an additional 1,393,857 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after acquiring an additional 791,361 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after acquiring an additional 1,181,828 shares during the last quarter. Finally, Heritage Financial Services LLC lifted its holdings in JPMorgan Income ETF by 23.6% in the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock valued at $131,863,000 after acquiring an additional 543,246 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE opened at $45.76 on Friday. The company has a 50-day moving average of $45.93 and a 200-day moving average of $46.13. JPMorgan Income ETF has a twelve month low of $45.73 and a twelve month 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.