JPMorgan Income ETF $JPIE Stake Trimmed by Paladin Advisory Group LLC

Paladin Advisory Group LLC lowered its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,403 shares of the company’s stock after selling 12,684 shares during the quarter. JPMorgan Income ETF makes up 2.8% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 10th largest holding. Paladin Advisory Group LLC’s holdings in JPMorgan Income ETF were worth $3,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global View Capital Management LLC boosted its holdings in shares of JPMorgan Income ETF by 3.3% in the fourth quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock worth $321,000 after buying an additional 220 shares during the period. Steinberganna Wealth Management increased its position in shares of JPMorgan Income ETF by 1.8% in the fourth quarter. Steinberganna Wealth Management now owns 13,806 shares of the company’s stock worth $639,000 after acquiring an additional 246 shares in the last quarter. Fagan Associates Inc. raised its holdings in shares of JPMorgan Income ETF by 3.3% during the fourth quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock valued at $360,000 after acquiring an additional 250 shares during the period. Summit Wealth Partners LLC raised its holdings in shares of JPMorgan Income ETF by 3.9% during the fourth quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock valued at $325,000 after acquiring an additional 260 shares during the period. Finally, Mayfair Advisory Group LLC lifted its position in shares of JPMorgan Income ETF by 3.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 10,006 shares of the company’s stock valued at $463,000 after acquiring an additional 300 shares in the last quarter.

JPMorgan Income ETF Stock Performance

JPMorgan Income ETF stock remained flat at $45.87 during midday trading on Friday. 1,053,566 shares of the company were exchanged, compared to its average volume of 1,436,194. The firm has a fifty day moving average of $45.96 and a two-hundred day moving average of $46.16. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 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.