JPMorgan Income ETF $JPIE Shares Newly Acquired by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 57,722 shares of the company’s stock, valued at approximately $2,587,000.

Several other institutional investors have also modified their holdings of JPIE. Founders Financial Securities LLC increased its position in shares of JPMorgan Income ETF by 9.8% during the first quarter. Founders Financial Securities LLC now owns 189,908 shares of the company’s stock worth $8,753,000 after acquiring an additional 16,893 shares during the last quarter. William Mack & Associates Inc. grew its stake in JPMorgan Income ETF by 82.9% during the 2nd quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock valued at $2,324,000 after purchasing an additional 22,882 shares in the last quarter. Sequoia Financial Advisors LLC raised its position 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 purchasing an additional 747,797 shares in the last quarter. Montecito Bank & Trust raised its position in shares of JPMorgan Income ETF by 29.2% in the 1st quarter. Montecito Bank & Trust now owns 91,043 shares of the company’s stock valued at $4,194,000 after purchasing an additional 20,570 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of JPMorgan Income ETF by 462.5% in the 2nd quarter. HB Wealth Management LLC now owns 24,608 shares of the company’s stock worth $1,133,000 after purchasing an additional 20,233 shares during the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock traded down $0.03 on Tuesday, hitting $44.78. 1,217,442 shares of the stock traded hands, compared to its average volume of 1,510,181. JPMorgan Income ETF has a 1-year low of $44.58 and a 1-year high of $46.61. The company’s fifty day moving average is $45.45 and its 200 day moving average is $45.79.

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.