Park Avenue Securities LLC Acquires 345,126 Shares of JPMorgan Income ETF $JPIE

Park Avenue Securities LLC bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the third quarter, HoldingsChannel reports. The firm bought 345,126 shares of the company’s stock, valued at approximately $15,493,000.

A number of other hedge funds have also recently modified their holdings of the business. Odyssey Capital Advisors Inc. bought a new position in shares of JPMorgan Income ETF in the 3rd quarter worth about $213,000. Apollon Wealth Management LLC lifted its position in JPMorgan Income ETF by 13.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 567,140 shares of the company’s stock valued at $25,459,000 after acquiring an additional 68,584 shares during the period. Kingswood Wealth Advisors LLC lifted its position in JPMorgan Income ETF by 69.5% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 233,564 shares of the company’s stock valued at $10,485,000 after acquiring an additional 95,797 shares during the period. Sigma Planning Corp purchased a new position in JPMorgan Income ETF during the 3rd quarter valued at about $1,116,000. Finally, Financial Management Professionals Inc. purchased a new position in JPMorgan Income ETF during the 3rd quarter valued at about $7,093,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $45.11 on Wednesday. JPMorgan Income ETF has a one year low of $44.58 and a one year high of $46.61. The company’s 50-day simple moving average is $45.26 and its 200 day simple moving average is $45.88.

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.