Savvy Advisors Inc. Sells 52,761 Shares of JPMorgan Income ETF $JPIE

Savvy Advisors Inc. lessened its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 33.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 104,791 shares of the company’s stock after selling 52,761 shares during the period. Savvy Advisors Inc.’s holdings in JPMorgan Income ETF were worth $4,863,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JPIE. Krilogy Financial LLC lifted its stake in shares of JPMorgan Income ETF by 161.3% in the 3rd quarter. Krilogy Financial LLC now owns 157,656 shares of the company’s stock valued at $7,277,000 after purchasing an additional 97,317 shares during the period. Prospera Financial Services Inc increased its holdings in JPMorgan Income ETF by 4.7% in the third quarter. Prospera Financial Services Inc now owns 162,482 shares of the company’s stock valued at $7,544,000 after purchasing an additional 7,339 shares during the last quarter. Breakwater Capital Group acquired a new position in JPMorgan Income ETF in the third quarter valued at about $210,000. Beckerman Institutional LLC lifted its stake in JPMorgan Income ETF by 7.1% in the third quarter. Beckerman Institutional LLC now owns 53,989 shares of the company’s stock valued at $2,506,000 after buying an additional 3,585 shares during the period. Finally, Waterfront Wealth Inc. boosted its holdings in JPMorgan Income ETF by 17.3% during the third quarter. Waterfront Wealth Inc. now owns 18,599 shares of the company’s stock worth $862,000 after buying an additional 2,749 shares during the last quarter.

JPMorgan Income ETF Stock Down 0.0%

Shares of JPIE stock opened at $46.43 on Thursday. The stock has a 50-day moving average of $46.37 and a 200-day moving average of $46.35. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57.

JPMorgan Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.2036 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.