Beacon Bank & Trust Has $4.92 Million Stock Position in JPMorgan Income ETF $JPIE

Beacon Bank & Trust grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 12.6% in the second quarter, Holdings Channel.com reports. The fund owned 106,930 shares of the company’s stock after buying an additional 11,956 shares during the period. JPMorgan Income ETF makes up 1.0% of Beacon Bank & Trust’s investment portfolio, making the stock its 26th largest holding. Beacon Bank & Trust’s holdings in JPMorgan Income ETF were worth $4,924,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of JPMorgan Income ETF by 25.8% in the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares in the last quarter. Wells Fargo & Company MN lifted its position in JPMorgan Income ETF by 45.9% in 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. Rockefeller Capital Management L.P. boosted its stake in JPMorgan Income ETF by 1,680.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after buying an additional 1,068,410 shares in the last quarter. 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 buying an additional 982,593 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in JPMorgan Income ETF by 301.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after buying an additional 903,176 shares during the period.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $45.84 on Friday. JPMorgan Income ETF has a 52-week low of $45.65 and a 52-week high of $46.61. The company’s fifty day moving average price is $45.90 and its two-hundred day moving average price is $46.08.

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.