Sheets Smith Wealth Management Raises Stock Position in JPMorgan Income ETF $JPIE

Sheets Smith Wealth Management raised its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 55.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,976 shares of the company’s stock after purchasing an additional 10,647 shares during the quarter. Sheets Smith Wealth Management’s holdings in JPMorgan Income ETF were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Income ETF by 1.3% during the 1st quarter. JPMorgan Chase & Co. now owns 5,067,492 shares of the company’s stock worth $233,459,000 after buying an additional 66,672 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in JPMorgan Income ETF by 21.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,159,182 shares of the company’s stock worth $99,474,000 after acquiring an additional 377,406 shares during the last quarter. Royal Bank of Canada increased its stake in JPMorgan Income ETF by 4.2% during the first quarter. Royal Bank of Canada now owns 1,961,739 shares of the company’s stock worth $90,377,000 after acquiring an additional 78,820 shares during the last quarter. Janney Montgomery Scott LLC raised its position in JPMorgan Income ETF by 29.5% in the first quarter. Janney Montgomery Scott LLC now owns 1,140,924 shares of the company’s stock valued at $52,562,000 after purchasing an additional 259,606 shares during the period. Finally, Syntegra Private Wealth Group LLC lifted its stake in shares of JPMorgan Income ETF by 6.5% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 985,094 shares of the company’s stock valued at $45,383,000 after purchasing an additional 60,493 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.1%

NYSEARCA JPIE opened at $46.49 on Wednesday. The stock has a fifty day simple moving average of $46.33 and a 200-day simple moving average of $46.03. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.57.

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.