JPMorgan Income ETF $JPIE Stake Lifted by Echo Wealth Management LLC

Echo Wealth Management LLC raised its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 497,601 shares of the company’s stock after acquiring an additional 31,324 shares during the quarter. JPMorgan Income ETF makes up 10.9% of Echo Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Echo Wealth Management LLC owned approximately 0.20% of JPMorgan Income ETF worth $22,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPIE. Rockefeller Capital Management L.P. grew its holdings 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 valued at $52,399,000 after purchasing an additional 1,068,410 shares during the period. 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 worth $55,424,000 after acquiring an additional 903,176 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in JPMorgan Income ETF by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after acquiring an additional 791,361 shares during the last quarter. Leverty Financial Group LLC increased its holdings in JPMorgan Income ETF by 335.8% in the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock worth $43,885,000 after acquiring an additional 753,292 shares during the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in JPMorgan Income ETF in the 1st quarter valued at about $24,987,000.

JPMorgan Income ETF Stock Performance

Shares of JPMorgan Income ETF stock opened at $44.94 on Friday. JPMorgan Income ETF has a 52-week low of $44.58 and a 52-week high of $46.61. The stock’s 50-day simple moving average is $45.39 and its 200 day simple moving average is $45.77.

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.