True North Advisors LLC Invests $23.94 Million in JPMorgan Income ETF $JPIE

True North Advisors LLC bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 1st quarter, HoldingsChannel.com reports. The firm bought 519,605 shares of the company’s stock, valued at approximately $23,938,000. JPMorgan Income ETF comprises approximately 2.7% of True North Advisors LLC’s portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley lifted its stake in 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. Wells Fargo & Company MN boosted its holdings in 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 valued at $174,009,000 after purchasing an additional 1,181,828 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock valued at $52,399,000 after purchasing an additional 1,068,410 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of JPMorgan Income ETF by 21.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock valued at $258,861,000 after purchasing an additional 982,593 shares during the period. Finally, Williams Financial LLC raised its holdings in shares of JPMorgan Income ETF by 131.0% in the 4th quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock worth $48,776,000 after buying an additional 597,595 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $45.92 on Friday. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 year high of $46.61. The stock has a 50 day simple moving average of $45.94 and a 200-day simple moving average of $46.14.

JPMorgan Income ETF Company 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.