S Harris Financial Group LLC Makes New $8.90 Million Investment in JPMorgan Income ETF $JPIE

S Harris Financial Group LLC acquired a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,336 shares of the company’s stock, valued at approximately $8,903,000. JPMorgan Income ETF comprises approximately 8.5% of S Harris Financial Group LLC’s holdings, making the stock its 3rd largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. NCM Capital Management LLC increased its stake in shares of JPMorgan Income ETF by 145.9% during the 4th quarter. NCM Capital Management LLC now owns 15,000 shares of the company’s stock worth $694,000 after purchasing an additional 8,900 shares during the last quarter. Nolet Wealth Management LLC bought a new stake in JPMorgan Income ETF in the fourth quarter worth $1,909,000. Larch Capital Partners LLC bought a new stake in JPMorgan Income ETF in the fourth quarter worth $6,548,000. Cambient Family Office LLC acquired a new position in JPMorgan Income ETF during the fourth quarter worth $151,000. Finally, Axxcess Wealth Management LLC increased its position in JPMorgan Income ETF by 96.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 170,086 shares of the company’s stock worth $7,873,000 after buying an additional 83,484 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA JPIE opened at $45.95 on Friday. The business’s 50-day simple moving average is $46.03 and its 200-day simple moving average is $46.20. JPMorgan Income ETF has a 52 week low of $45.77 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.