Lodestar Private Asset Management LLC Boosts Stock Holdings in JPMorgan Income ETF $JPIE

Lodestar Private Asset Management LLC raised its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 25.7% in the third quarter, Holdings Channel reports. The institutional investor owned 425,203 shares of the company’s stock after purchasing an additional 86,868 shares during the period. JPMorgan Income ETF accounts for about 2.1% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 12th largest position. Lodestar Private Asset Management LLC’s holdings in JPMorgan Income ETF were worth $19,734,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its stake in shares of JPMorgan Income ETF by 3.1% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after acquiring an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in JPMorgan Income ETF by 26.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after purchasing an additional 343 shares during the period. Independent Wealth Network Inc. raised its holdings in JPMorgan Income ETF by 2.6% in the 3rd quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock worth $643,000 after purchasing an additional 346 shares during the period. AdvisorNet Financial Inc boosted its position in JPMorgan Income ETF by 6.3% during the second quarter. AdvisorNet Financial Inc now owns 6,656 shares of the company’s stock worth $308,000 after purchasing an additional 393 shares in the last quarter. Finally, Altus Wealth Management LLC grew its holdings in JPMorgan Income ETF by 1.1% in the second quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock valued at $1,862,000 after purchasing an additional 419 shares during the period.

JPMorgan Income ETF Stock Performance

JPMorgan Income ETF stock opened at $46.36 on Friday. The business has a 50 day simple moving average of $46.35 and a 200-day simple moving average of $46.32. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.57.

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.