Focus Financial Network Inc. Buys 54,710 Shares of JPMorgan Income ETF $JPIE

Focus Financial Network Inc. boosted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 44.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,616 shares of the company’s stock after buying an additional 54,710 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Income ETF were worth $8,225,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Huntington National Bank bought a new stake in shares of JPMorgan Income ETF during the fourth quarter worth $26,000. Rice Partnership LLC acquired a new position in shares of JPMorgan Income ETF during the first quarter valued at $30,000. Imprint Wealth LLC bought a new position in JPMorgan Income ETF in the third quarter valued at about $33,000. Torren Management LLC bought a new position in JPMorgan Income ETF in the first quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in JPMorgan Income ETF in the fourth quarter worth about $35,000.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA:JPIE opened at $45.84 on Monday. JPMorgan Income ETF has a 1-year low of $45.65 and a 1-year high of $46.61. The business has a 50-day moving average price of $45.90 and a two-hundred day moving average price of $46.08.

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.