Optima Capital LLC Buys 72,258 Shares of JPMorgan Income ETF $JPIE

Optima Capital LLC raised its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 49.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 219,312 shares of the company’s stock after purchasing an additional 72,258 shares during the quarter. JPMorgan Income ETF comprises about 3.9% of Optima Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Optima Capital LLC’s holdings in JPMorgan Income ETF were worth $9,845,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of JPMorgan Income ETF by 11.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after acquiring an additional 747,797 shares during the period. Bank of America Corp DE raised its position in JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after purchasing an additional 513,347 shares during the period. Waverly Advisors LLC raised its position in JPMorgan Income ETF by 7.1% in the second quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock valued at $122,853,000 after purchasing an additional 176,274 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Income ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock valued at $121,334,000 after purchasing an additional 31,981 shares during the period. Finally, Royal Bank of Canada lifted its stake in JPMorgan Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock worth $105,405,000 after purchasing an additional 123,329 shares in the last quarter.

JPMorgan Income ETF Stock 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 stock’s fifty day moving average is $45.22 and its two-hundred day moving average is $45.86.

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.