RFG Advisory LLC Cuts Holdings in JPMorgan Income ETF $JPIE

RFG Advisory LLC decreased its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 18.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,554 shares of the company’s stock after selling 16,156 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Income ETF were worth $3,295,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. XY Planning Network Inc. boosted its position in shares of JPMorgan Income ETF by 44.2% during the second quarter. XY Planning Network Inc. now owns 7,962 shares of the company’s stock valued at $367,000 after buying an additional 2,439 shares during the last quarter. Waverly Advisors LLC increased its holdings in JPMorgan Income ETF by 7.1% in the 2nd quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock worth $122,853,000 after buying an additional 176,274 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in JPMorgan Income ETF in the 2nd quarter worth about $110,000. MLG Wealth Management DBA Pine Grove Financial Group raised its position in JPMorgan Income ETF by 3.9% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 146,916 shares of the company’s stock worth $6,778,000 after buying an additional 5,500 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in JPMorgan Income ETF during the 2nd quarter valued at about $2,683,000.

JPMorgan Income ETF Stock Down 0.0%

Shares of NYSEARCA JPIE opened at $45.56 on Thursday. The firm’s 50-day moving average price is $45.82 and its 200-day moving average price is $45.98. JPMorgan Income ETF has a 52-week low of $45.54 and a 52-week 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.