Castle Rock Wealth Management LLC Invests $2.32 Million in JPMorgan Income ETF $JPIE

Castle Rock Wealth Management LLC bought a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, HoldingsChannel reports. The fund bought 50,039 shares of the company’s stock, valued at approximately $2,317,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its position in JPMorgan Income ETF by 71.0% in the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after buying an additional 1,914,053 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of JPMorgan Income ETF by 52.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock valued at $113,152,000 after acquiring an additional 839,269 shares during the period. Williams Financial LLC increased its holdings in JPMorgan Income ETF by 131.0% in the 4th quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock worth $48,776,000 after acquiring an additional 597,595 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in JPMorgan Income ETF by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after acquiring an additional 578,800 shares in the last quarter. Finally, Heritage Financial Services LLC raised its stake in JPMorgan Income ETF by 23.6% during the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after acquiring an additional 543,246 shares during the period.

JPMorgan Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPIE opened at $45.99 on Thursday. JPMorgan Income ETF has a 1-year low of $45.69 and a 1-year high of $46.61. The firm’s 50 day simple moving average is $46.09 and its two-hundred day simple moving average is $46.27.

JPMorgan Income ETF Company 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.