JPMorgan Income ETF $JPIE Shares Sold by MGO One Seven LLC

MGO One Seven LLC cut its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 19.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 167,934 shares of the company’s stock after selling 40,152 shares during the period. MGO One Seven LLC’s holdings in JPMorgan Income ETF were worth $7,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rice Partnership LLC bought a new position in JPMorgan Income ETF during the 1st quarter worth approximately $30,000. MADDEN SECURITIES Corp acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $31,000. Torren Management LLC acquired a new position in shares of JPMorgan Income ETF in the 1st quarter worth approximately $34,000. Kings Path Partners LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $62,000. Finally, GK Wealth Management LLC bought a new stake in shares of JPMorgan Income ETF in the 3rd quarter valued at $67,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $45.25 on Monday. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week high of $46.61. The firm’s fifty day moving average is $45.22 and its 200-day moving average is $45.86.

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.