Waverly Advisors LLC Purchases 176,274 Shares of JPMorgan Income ETF $JPIE

Waverly Advisors LLC boosted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,667,808 shares of the company’s stock after buying an additional 176,274 shares during the quarter. JPMorgan Income ETF accounts for 0.7% of Waverly Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Waverly Advisors LLC’s holdings in JPMorgan Income ETF were worth $122,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its holdings in JPMorgan Income ETF by 25.6% during the fourth quarter. Harbour Investments Inc. now owns 95,025 shares of the company’s stock worth $4,399,000 after purchasing an additional 19,345 shares during the period. Cornerstone Financial Management LLC acquired a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at approximately $1,524,000. Founders Financial Securities LLC boosted its stake in shares of JPMorgan Income ETF by 9.8% during the 1st quarter. Founders Financial Securities LLC now owns 189,908 shares of the company’s stock worth $8,753,000 after acquiring an additional 16,893 shares during the period. Kingsview Wealth Management LLC raised its stake in JPMorgan Income ETF by 16.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 117,613 shares of the company’s stock valued at $5,444,000 after acquiring an additional 16,992 shares during the period. Finally, Montecito Bank & Trust lifted its holdings in JPMorgan Income ETF by 29.2% during the 1st quarter. Montecito Bank & Trust now owns 91,043 shares of the company’s stock valued at $4,194,000 after purchasing an additional 20,570 shares during the last quarter.

JPMorgan Income ETF Trading Down 0.1%

JPIE stock traded down $0.04 during midday trading on Tuesday, reaching $45.58. 1,130,186 shares of the company were exchanged, compared to its average volume of 1,436,061. JPMorgan Income ETF has a one year low of $45.54 and a one year high of $46.61. The business has a 50-day moving average price of $45.83 and a two-hundred day moving average price of $45.99.

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.