Vigilare Wealth Management Takes Position in JPMorgan Income ETF $JPIE

Vigilare Wealth Management acquired a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 447,971 shares of the company’s stock, valued at approximately $20,737,000. JPMorgan Income ETF makes up about 7.0% of Vigilare Wealth Management’s investment portfolio, making the stock its 2nd biggest position. Vigilare Wealth Management owned about 0.31% of JPMorgan Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPIE. Cary Street Partners Investment Advisory LLC raised its stake in JPMorgan Income ETF by 3.1% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after buying an additional 289 shares during the period. Narus Financial Partners LLC grew its stake in JPMorgan Income ETF by 0.6% in the third quarter. Narus Financial Partners LLC now owns 49,316 shares of the company’s stock valued at $2,289,000 after acquiring an additional 308 shares during the period. Cresset Asset Management LLC increased its holdings in shares of JPMorgan Income ETF by 1.8% during the third quarter. Cresset Asset Management LLC now owns 18,050 shares of the company’s stock valued at $838,000 after acquiring an additional 323 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of JPMorgan Income ETF by 2.6% during the third quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock worth $643,000 after purchasing an additional 346 shares during the period.

JPMorgan Income ETF Trading Down 0.3%

Shares of JPIE opened at $45.92 on Friday. The business’s fifty day moving average is $46.35 and its 200 day moving average is $46.36. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month 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 represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 2nd.

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.