Fagan Associates Inc. Makes New Investment in JPMorgan Income ETF $JPIE

Fagan Associates Inc. purchased a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 297,025 shares of the company’s stock, valued at approximately $13,333,000. JPMorgan Income ETF accounts for 1.5% of Fagan Associates Inc.’s holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in JPMorgan Income ETF by 11.7% in the second quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after buying an additional 747,797 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Income ETF by 16.5% during the 1st quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock worth $166,621,000 after acquiring an additional 513,347 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 7.1% during the 2nd quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock worth $122,853,000 after acquiring an additional 176,274 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan Income ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock worth $121,334,000 after acquiring an additional 31,981 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of JPMorgan Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock worth $105,405,000 after acquiring an additional 123,329 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA:JPIE traded down $0.01 during trading on Tuesday, reaching $44.80. 1,850,773 shares of the company’s stock traded hands, compared to its average volume of 1,513,977. JPMorgan Income ETF has a fifty-two week low of $44.58 and a fifty-two week high of $46.61. The company has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $45.79.

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.