NewEdge Wealth LLC Grows Stake in JPMorgan Income ETF $JPIE

NewEdge Wealth LLC raised its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,053 shares of the company’s stock after purchasing an additional 32,638 shares during the period. NewEdge Wealth LLC’s holdings in JPMorgan Income ETF were worth $26,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Income ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares in the last quarter. Morgan Stanley increased its position in JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after buying an additional 1,393,857 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in JPMorgan Income ETF by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after buying an additional 791,361 shares in the last quarter. Wells Fargo & Company MN raised its stake in JPMorgan Income ETF by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after buying an additional 1,181,828 shares during the last quarter. Finally, Heritage Financial Services LLC raised its stake in JPMorgan Income ETF by 23.6% in the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock valued at $131,863,000 after buying an additional 543,246 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA JPIE opened at $45.82 on Thursday. The business has a 50-day simple moving average of $45.93 and a two-hundred day simple moving average of $46.13. JPMorgan Income ETF has a fifty-two week low of $45.77 and a fifty-two week high of $46.61.

JPMorgan Income ETF 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.