Magnus Financial Group LLC increased its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,837 shares of the company’s stock after acquiring an additional 24,872 shares during the quarter. JPMorgan Income ETF accounts for about 1.2% of Magnus Financial Group LLC’s holdings, making the stock its 19th largest position. Magnus Financial Group LLC’s holdings in JPMorgan Income ETF were worth $17,859,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Rice Partnership LLC acquired a new position in JPMorgan Income ETF in the 1st quarter worth approximately $30,000. Torren Management LLC acquired a new stake in JPMorgan Income ETF during the 1st quarter valued at $34,000. GHP Investment Advisors Inc. raised its stake in JPMorgan Income ETF by 102.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,010 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the period. Kings Path Partners LLC acquired a new stake in JPMorgan Income ETF during the 3rd quarter valued at $62,000. Finally, GK Wealth Management LLC acquired a new stake in JPMorgan Income ETF during the 3rd quarter valued at $67,000.
JPMorgan Income ETF Stock Performance
JPIE opened at $44.91 on Thursday. The stock has a fifty day moving average of $45.32 and a 200-day moving average of $45.74. JPMorgan Income ETF has a 12-month low of $44.58 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.
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