Tradition Wealth Management LLC Increases Stake in JPMorgan Income ETF $JPIE

Tradition Wealth Management LLC increased its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 11.6% during the 4th quarter, HoldingsChannel reports. The fund owned 295,311 shares of the company’s stock after buying an additional 30,720 shares during the period. JPMorgan Income ETF accounts for approximately 1.0% of Tradition Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Tradition Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $13,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of JPIE. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after acquiring an additional 982,593 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in JPMorgan Income ETF by 52.5% during the third 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 in the last quarter. Williams Financial LLC boosted its stake in JPMorgan Income ETF by 131.0% during the fourth quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock worth $48,776,000 after acquiring an additional 597,595 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 578,800 shares in the last quarter. Finally, Heritage Financial Services LLC boosted its stake in JPMorgan Income ETF by 23.6% during the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after acquiring an additional 543,246 shares in the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $45.85 on Friday. JPMorgan Income ETF has a one year low of $45.76 and a one year high of $46.61. The company’s 50-day simple moving average is $46.03 and its 200 day simple moving average is $46.23.

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.