Pearl Planning LLC acquired a new stake in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 358,146 shares of the company’s stock, valued at approximately $16,500,000. JPMorgan Income ETF comprises approximately 8.8% of Pearl Planning LLC’s investment portfolio, making the stock its 3rd biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of JPIE. Huntington National Bank bought a new position in JPMorgan Income ETF in the fourth quarter valued at approximately $26,000. Imprint Wealth LLC bought a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new stake in shares of JPMorgan Income ETF during the 4th quarter worth approximately $35,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Income ETF in the 4th quarter valued at approximately $35,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of JPMorgan Income ETF by 351.6% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 849 shares of the company’s stock valued at $39,000 after buying an additional 661 shares during the last quarter.
JPMorgan Income ETF Price Performance
NYSEARCA:JPIE opened at $45.87 on Friday. JPMorgan Income ETF has a 1-year low of $45.77 and a 1-year high of $46.61. The firm has a fifty day simple moving average of $45.96 and a 200 day simple moving average of $46.16.
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.
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