Kestra Advisory Services LLC Grows Stake in JPMorgan Income ETF $JPIE

Kestra Advisory Services LLC boosted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 165.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,650 shares of the company’s stock after acquiring an additional 195,290 shares during the quarter. Kestra Advisory Services LLC owned about 0.17% of JPMorgan Income ETF worth $14,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPIE. Huntington National Bank bought a new position in shares of JPMorgan Income ETF during the 4th quarter valued at approximately $26,000. Imprint Wealth LLC bought a new stake in JPMorgan Income ETF in the third quarter worth $33,000. MidAtlantic Capital Management Inc. bought a new stake in JPMorgan Income ETF in the fourth quarter worth $35,000. Central Pacific Bank Trust Division purchased a new position in JPMorgan Income ETF during the fourth quarter worth $35,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake 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 buying an additional 661 shares during the period.

JPMorgan Income ETF Price Performance

JPIE stock remained flat at $45.87 during mid-day trading on Friday. 1,053,566 shares of the company’s stock were exchanged, compared to its average volume of 1,436,194. JPMorgan Income ETF has a fifty-two week low of $45.77 and a fifty-two week high of $46.61. The company has a 50 day simple moving average of $45.96 and a 200-day simple moving average of $46.16.

JPMorgan Income ETF 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.