Choreo LLC Sells 46,111 Shares of JPMorgan Income ETF $JPIE

Choreo LLC reduced its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 38.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 73,163 shares of the company’s stock after selling 46,111 shares during the period. Choreo LLC’s holdings in JPMorgan Income ETF were worth $3,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sage Rhino Capital LLC boosted its stake in JPMorgan Income ETF by 1.4% during the third quarter. Sage Rhino Capital LLC now owns 64,858 shares of the company’s stock worth $2,911,000 after acquiring an additional 864 shares in the last quarter. Howard Wealth Management LLC lifted its holdings in shares of JPMorgan Income ETF by 11.4% during the third quarter. Howard Wealth Management LLC now owns 8,120 shares of the company’s stock valued at $365,000 after purchasing an additional 834 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of JPMorgan Income ETF during the third quarter valued at approximately $27,349,000. BOKF NA bought a new stake in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $2,827,000. Finally, LaFleur & Godfrey LLC bought a new stake in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $812,000.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $45.25 on Friday. The business’s 50 day moving average price is $45.22 and its 200-day moving average price is $45.86. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week 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.