Nolet Wealth Management LLC Makes New Investment in JPMorgan Income ETF $JPIE

Nolet Wealth Management LLC acquired a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,239 shares of the company’s stock, valued at approximately $1,909,000. JPMorgan Income ETF comprises 1.1% of Nolet Wealth Management LLC’s holdings, making the stock its 18th largest position.

Other hedge funds have also recently modified their holdings of the company. Huntington National Bank purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter valued at approximately $26,000. Imprint Wealth LLC bought a new stake in JPMorgan Income ETF during the third quarter worth $33,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Income ETF in the fourth quarter worth $35,000. Central Pacific Bank Trust Division purchased a new position in JPMorgan Income ETF in the fourth quarter worth $35,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in JPMorgan Income ETF by 351.6% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 849 shares of the company’s stock valued at $39,000 after purchasing an additional 661 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $45.95 on Friday. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 year high of $46.61. The business has a fifty day moving average price of $46.03 and a two-hundred day moving average price of $46.20.

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.