Montecito Bank & Trust Buys 10,960 Shares of JPMorgan Income ETF $JPIE

Montecito Bank & Trust grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 70,473 shares of the company’s stock after acquiring an additional 10,960 shares during the period. Montecito Bank & Trust’s holdings in JPMorgan Income ETF were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in JPMorgan Income ETF by 71.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after acquiring an additional 1,914,053 shares during the period. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Income ETF by 35.2% during the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock worth $317,321,000 after purchasing an additional 1,783,134 shares during the period. Hilton Capital Management LLC acquired a new stake in JPMorgan Income ETF during the 2nd quarter worth approximately $44,037,000. Envestnet Asset Management Inc. boosted its stake in JPMorgan Income ETF by 52.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock valued at $113,152,000 after purchasing an additional 839,269 shares during the period. Finally, Vigilare Wealth Management acquired a new position in JPMorgan Income ETF in the 4th quarter valued at $20,737,000.

JPMorgan Income ETF Price Performance

JPIE opened at $46.02 on Tuesday. The stock has a fifty day moving average of $46.34 and a 200-day moving average of $46.35. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.2082 dividend. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.4%.

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.