Entrust Financial LLC Buys New Stake in JPMorgan Income ETF $JPIE

Entrust Financial LLC purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,706 shares of the company’s stock, valued at approximately $2,950,000. JPMorgan Income ETF makes up about 1.4% of Entrust Financial LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors have also recently bought and sold shares of JPIE. Sequoia Financial Advisors LLC raised its stake in JPMorgan Income ETF by 11.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock worth $328,397,000 after acquiring 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% in the 1st 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 in the last quarter. Waverly Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 7.1% in the 2nd quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock valued at $122,853,000 after purchasing 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% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock valued at $121,334,000 after purchasing an additional 31,981 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of JPMorgan Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock worth $105,405,000 after purchasing an additional 123,329 shares during the last quarter.

JPMorgan Income ETF Price Performance

JPIE opened at $45.18 on Monday. The firm’s 50-day simple moving average is $45.14 and its 200-day simple moving average is $45.83. JPMorgan Income ETF has a twelve month low of $44.58 and a twelve month high of $46.61.

JPMorgan Income ETF Company 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.