Echo Wealth Management LLC Buys 23,924 Shares of JPMorgan Income ETF $JPIE

Echo Wealth Management LLC increased its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 5.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 441,628 shares of the company’s stock after acquiring an additional 23,924 shares during the period. JPMorgan Income ETF accounts for about 11.7% of Echo Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Echo Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $20,346,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank acquired a new position in shares of JPMorgan Income ETF during the 4th quarter worth approximately $26,000. Imprint Wealth LLC bought a new position in shares of JPMorgan Income ETF in the third quarter valued at $33,000. MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF during the fourth quarter worth $35,000. Central Pacific Bank Trust Division bought a new stake in JPMorgan Income ETF during the fourth quarter worth $35,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in JPMorgan Income ETF by 351.6% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 849 shares of the company’s stock worth $39,000 after acquiring an additional 661 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $46.07 on Friday. The firm has a 50-day moving average of $46.02 and a 200-day moving average of $46.19. JPMorgan Income ETF has a one year low of $45.77 and a one year high of $46.61.

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.