Montecito Bank & Trust Makes New $4.28 Million Investment in JPMorgan Income ETF $JPIE

Montecito Bank & Trust bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 95,261 shares of the company’s stock, valued at approximately $4,276,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cornerstone Financial Management LLC bought a new position in JPMorgan Income ETF during the fourth quarter worth about $1,524,000. Founders Financial Securities LLC raised its holdings in shares of JPMorgan Income ETF by 9.8% in the 1st quarter. Founders Financial Securities LLC now owns 189,908 shares of the company’s stock worth $8,753,000 after buying an additional 16,893 shares in the last quarter. William Mack & Associates Inc. raised its holdings in shares of JPMorgan Income ETF by 82.9% in the 2nd quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock worth $2,324,000 after buying an additional 22,882 shares in the last quarter. Syntegra Private Wealth Group LLC lifted its position in shares of JPMorgan Income ETF by 3.5% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,081,981 shares of the company’s stock worth $50,085,000 after buying an additional 36,641 shares during the period. Finally, Certified Advisory Corp lifted its position in shares of JPMorgan Income ETF by 8.7% during the 1st quarter. Certified Advisory Corp now owns 472,470 shares of the company’s stock worth $21,767,000 after buying an additional 37,831 shares during the period.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE traded down $0.18 during trading hours on Thursday, reaching $44.71. The company had a trading volume of 2,654,717 shares, compared to its average volume of 1,493,011. The stock has a 50-day moving average of $45.61 and a two-hundred day moving average of $45.86. JPMorgan Income ETF has a one year low of $44.58 and a one year high of $46.61.

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.