Reicon Wealth Advisors LLC Takes Position in JPMorgan Income ETF $JPIE

Reicon Wealth Advisors LLC purchased a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 23,488 shares of the company’s stock, valued at approximately $1,087,000. JPMorgan Income ETF comprises approximately 0.8% of Reicon Wealth Advisors LLC’s portfolio, making the stock its 8th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of JPIE. Imprint Wealth LLC purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $33,000. ESL Trust Services LLC purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $35,000. Central Pacific Bank Trust Division purchased a new position in shares of JPMorgan Income ETF during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB grew its holdings in shares of JPMorgan Income ETF by 95.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock valued at $41,000 after acquiring an additional 429 shares in the last quarter. Finally, GGM Financials LLC purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $43,000.

JPMorgan Income ETF Trading Up 0.1%

Shares of JPMorgan Income ETF stock traded up $0.03 on Thursday, hitting $46.12. 393,986 shares of the company traded hands, compared to its average volume of 1,393,800. JPMorgan Income ETF has a 12-month low of $45.66 and a 12-month high of $46.61. The company has a 50-day moving average price of $46.16 and a 200 day moving average price of $46.29.

About JPMorgan Income ETF

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.