Turner Financial Group Inc. Invests $1.69 Million in JPMorgan Income ETF $JPIE

Turner Financial Group Inc. purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the second quarter, Holdings Channel.com reports. The fund purchased 36,668 shares of the company’s stock, valued at approximately $1,689,000. JPMorgan Income ETF accounts for approximately 1.7% of Turner Financial Group Inc.’s portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hopwood Nicholas Hunter acquired a new stake in shares of JPMorgan Income ETF in the second quarter valued at about $4,312,000. Investor s Fiduciary Advisor Network LLC grew its position in JPMorgan Income ETF by 1.3% during the second quarter. Investor s Fiduciary Advisor Network LLC now owns 40,657 shares of the company’s stock worth $1,872,000 after buying an additional 520 shares during the period. TD Waterhouse Canada Inc. increased its holdings in JPMorgan Income ETF by 459.2% in the second quarter. TD Waterhouse Canada Inc. now owns 14,360 shares of the company’s stock valued at $658,000 after buying an additional 11,792 shares in the last quarter. Kickstand Ventures LLC. increased its holdings in JPMorgan Income ETF by 36.7% in the second quarter. Kickstand Ventures LLC. now owns 140,412 shares of the company’s stock valued at $6,466,000 after buying an additional 37,677 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of JPMorgan Income ETF by 32.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 42,772 shares of the company’s stock valued at $1,970,000 after acquiring an additional 10,568 shares during the period.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA:JPIE opened at $45.62 on Friday. The business’s 50 day simple moving average is $45.84 and its 200-day simple moving average is $46.00. JPMorgan Income ETF has a 12 month low of $45.54 and a 12 month high of $46.61.

JPMorgan Income ETF 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.