JPMorgan Income ETF $JPIE Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 15.2% in the third quarter, Holdings Channel.com reports. The fund owned 357,465 shares of the company’s stock after buying an additional 47,134 shares during the quarter. JPMorgan Income ETF comprises about 1.2% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 14th biggest position. Elevation Point Wealth Partners LLC’s holdings in JPMorgan Income ETF were worth $16,590,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of JPMorgan Income ETF in the first quarter worth about $555,000. Bank of Montreal Can lifted its position in shares of JPMorgan Income ETF by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 8,218 shares of the company’s stock valued at $381,000 after acquiring an additional 445 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of JPMorgan Income ETF by 12.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 150,868 shares of the company’s stock valued at $6,988,000 after acquiring an additional 16,334 shares in the last quarter. Creative Planning boosted its stake in JPMorgan Income ETF by 8.4% in the 2nd quarter. Creative Planning now owns 12,187 shares of the company’s stock worth $564,000 after purchasing an additional 949 shares during the period. Finally, Cetera Investment Advisers grew its position in JPMorgan Income ETF by 82.9% during the 2nd quarter. Cetera Investment Advisers now owns 405,877 shares of the company’s stock worth $18,800,000 after purchasing an additional 183,957 shares in the last quarter.

JPMorgan Income ETF Stock Down 0.2%

Shares of JPMorgan Income ETF stock opened at $46.01 on Friday. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.61. The business has a fifty day simple moving average of $46.38 and a 200-day simple moving average of $46.37.

JPMorgan Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2082 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Monday, March 2nd. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20.

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.