Cornerstone Financial Management LLC Makes New $1.52 Million Investment in JPMorgan Income ETF $JPIE

Cornerstone Financial Management LLC purchased a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,925 shares of the company’s stock, valued at approximately $1,524,000. JPMorgan Income ETF comprises 1.4% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in JPMorgan Income ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares during the last quarter. Morgan Stanley grew its position in JPMorgan Income ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after purchasing an additional 1,393,857 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in JPMorgan Income ETF by 21.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares during the last quarter. Wells Fargo & Company MN grew its position in JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares during the last quarter. Finally, Heritage Financial Services LLC grew its position in JPMorgan Income ETF by 23.6% in the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after purchasing an additional 543,246 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE opened at $46.00 on Friday. The company’s fifty day moving average is $46.03 and its two-hundred day moving average is $46.22. JPMorgan Income ETF has a 52-week low of $45.77 and a 52-week high of $46.61.

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.