Shulman DeMeo Asset Management LLC Makes New $518,000 Investment in JPMorgan Income ETF $JPIE

Shulman DeMeo Asset Management LLC purchased a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,579 shares of the company’s stock, valued at approximately $518,000.

A number of other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in JPMorgan Income ETF by 11.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after purchasing an additional 747,797 shares during the last quarter. Bank of America Corp DE increased its stake in shares of JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after purchasing an additional 513,347 shares during the period. Waverly Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 7.1% during the second quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock valued at $122,853,000 after buying an additional 176,274 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan Income ETF by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock worth $121,334,000 after buying an additional 31,981 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of JPMorgan Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock worth $105,405,000 after buying an additional 123,329 shares during the period.

JPMorgan Income ETF Stock Down 0.1%

JPIE traded down $0.04 during trading hours on Friday, hitting $44.82. The company’s stock had a trading volume of 1,049,256 shares, compared to its average volume of 1,513,855. 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 $45.49 and a 200 day simple moving average of $45.80.

About JPMorgan Income ETF

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.