Convergence Financial LLC Makes New Investment in JPMorgan Income ETF $JPIE

Convergence Financial LLC bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,496 shares of the company’s stock, valued at approximately $1,549,000.

Several other hedge funds also recently added to or reduced their stakes in JPIE. IFP Advisors Inc lifted its holdings in shares of JPMorgan Income ETF by 254.7% in the 3rd quarter. IFP Advisors Inc now owns 46,720 shares of the company’s stock valued at $2,097,000 after buying an additional 33,549 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 11.7% in the second quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock worth $328,397,000 after buying an additional 747,797 shares during the last quarter. Kintra Wealth LLC boosted its stake in shares of JPMorgan Income ETF by 47.1% in the second quarter. Kintra Wealth LLC now owns 848,974 shares of the company’s stock worth $38,951,000 after buying an additional 271,777 shares during the last quarter. William Mack & Associates Inc. boosted its stake in shares of JPMorgan Income ETF by 82.9% in the second quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock worth $2,324,000 after buying an additional 22,882 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in JPMorgan Income ETF during the second quarter worth about $1,250,000.

JPMorgan Income ETF Stock Down 0.0%

JPMorgan Income ETF stock opened at $45.10 on Thursday. The business’s 50-day moving average price is $45.25 and its 200 day moving average price is $45.88. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week high of $46.61.

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.