Sovran Advisors LLC Invests $2.30 Million in JPMorgan Income ETF $JPIE

Sovran Advisors LLC acquired a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 49,495 shares of the company’s stock, valued at approximately $2,295,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 71.0% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock valued at $317,321,000 after purchasing an additional 1,783,134 shares in the last quarter. Hilton Capital Management LLC purchased a new position in JPMorgan Income ETF in the second quarter valued at about $44,037,000. Envestnet Asset Management Inc. increased its position in JPMorgan Income ETF by 83.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,598,821 shares of the company’s stock worth $74,057,000 after purchasing an additional 726,850 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of JPMorgan Income ETF by 28.5% during the 2nd quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock worth $148,697,000 after purchasing an additional 712,653 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.0%

Shares of JPMorgan Income ETF stock opened at $46.37 on Monday. The stock has a 50-day simple moving average of $46.36 and a 200-day simple moving average of $46.33. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.57.

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.