NewEdge Wealth LLC Boosts Holdings in JPMorgan Income ETF $JPIE

NewEdge Wealth LLC boosted its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,112 shares of the company’s stock after acquiring an additional 19,014 shares during the period. NewEdge Wealth LLC owned about 0.42% of JPMorgan Income ETF worth $24,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPIE. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Income ETF by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after buying an additional 578,800 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 71.0% during the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after acquiring an additional 1,914,053 shares during the last quarter. Savant Capital LLC boosted its position in JPMorgan Income ETF by 10.2% during the third quarter. Savant Capital LLC now owns 3,538,263 shares of the company’s stock worth $164,211,000 after acquiring an additional 328,043 shares during the last quarter. Envestnet Asset Management Inc. grew 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 worth $113,152,000 after acquiring an additional 839,269 shares during the period. Finally, Heritage Financial Services LLC raised its holdings in JPMorgan Income ETF by 4.5% in the 3rd quarter. Heritage Financial Services LLC now owns 2,305,382 shares of the company’s stock valued at $106,993,000 after acquiring an additional 99,558 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $46.51 on Thursday. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.57. The business’s fifty day moving average is $46.39 and its two-hundred day moving average is $46.36.

JPMorgan Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2036 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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.