Kickstand Ventures LLC. Raises Holdings in JPMorgan Income ETF $JPIE

Kickstand Ventures LLC. raised its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 36.7% during the 2nd quarter, Holdings Channel reports. The fund owned 140,412 shares of the company’s stock after purchasing an additional 37,677 shares during the period. JPMorgan Income ETF comprises approximately 1.2% of Kickstand Ventures LLC.’s holdings, making the stock its 28th largest position. Kickstand Ventures LLC.’s holdings in JPMorgan Income ETF were worth $6,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Income ETF by 4.1% in the fourth 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 in the last quarter. Morgan Stanley grew its holdings in JPMorgan Income ETF by 25.8% in the fourth 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 lifted its holdings in shares of JPMorgan Income ETF by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after purchasing an additional 791,361 shares during the last quarter. Wells Fargo & Company MN grew its stake in JPMorgan Income ETF by 45.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after buying an additional 1,181,828 shares during the last quarter. Finally, Bank of America Corp DE increased its position in JPMorgan Income ETF by 16.5% during the 1st quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after buying an additional 513,347 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock opened at $45.61 on Friday. The stock’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $46.01. JPMorgan Income ETF has a fifty-two week low of $45.54 and a fifty-two week high of $46.61.

JPMorgan Income ETF 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.