Birchwood Financial Partners Inc. Purchases New Position in JPMorgan Income ETF $JPIE

Birchwood Financial Partners Inc. purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,553 shares of the company’s stock, valued at approximately $766,000. JPMorgan Income ETF accounts for about 0.8% of Birchwood Financial Partners Inc.’s portfolio, making the stock its 28th biggest position.

Several other hedge funds have also recently bought and sold shares of JPIE. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Income ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after acquiring an additional 301,897 shares during the period. Morgan Stanley increased its stake in shares of JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after purchasing an additional 1,393,857 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of 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 purchasing an additional 982,593 shares during the period. Wells Fargo & Company MN increased its stake in shares of JPMorgan Income ETF by 45.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares during the period. Finally, Heritage Financial Services LLC lifted its holdings in JPMorgan Income ETF by 23.6% during the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after purchasing an additional 543,246 shares during the last quarter.

JPMorgan Income ETF Stock Performance

JPIE opened at $45.95 on Friday. The business has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $46.20. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 year high of $46.61.

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.