TBH Global Asset Management LLC Buys Shares of 123,285 JPMorgan Income ETF $JPIE

TBH Global Asset Management LLC purchased a new position in JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 123,285 shares of the company’s stock, valued at approximately $5,722,000. JPMorgan Income ETF accounts for 1.1% of TBH Global Asset Management LLC’s portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 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 valued at $317,321,000 after acquiring an additional 1,783,134 shares during the period. Hilton Capital Management LLC bought a new position in JPMorgan Income ETF during the 2nd quarter valued at $44,037,000. Envestnet Asset Management Inc. boosted its stake in JPMorgan Income ETF by 83.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,598,821 shares of the company’s stock valued at $74,057,000 after purchasing an additional 726,850 shares in the last quarter. Savant Capital LLC raised its stake in shares of JPMorgan Income ETF by 28.5% in the 2nd quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock worth $148,697,000 after buying an additional 712,653 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in JPMorgan Income ETF by 24.8% during the second quarter. Sequoia Financial Advisors LLC now owns 2,695,517 shares of the company’s stock valued at $124,856,000 after buying an additional 536,335 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA JPIE opened at $46.52 on Wednesday. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.57. The firm has a 50-day moving average of $46.34 and a two-hundred day moving average of $46.30.

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.