Tortoise Investment Management LLC Buys 168,391 Shares of JPMorgan Income ETF $JPIE

Tortoise Investment Management LLC increased its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 211.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,123 shares of the company’s stock after purchasing an additional 168,391 shares during the quarter. Tortoise Investment Management LLC owned about 0.10% of JPMorgan Income ETF worth $11,138,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JPIE. CENTRAL TRUST Co bought a new position in JPMorgan Income ETF in the 3rd quarter worth approximately $271,000. Advisor Resource Council bought a new position in JPMorgan Income ETF in the 3rd quarter valued at $353,000. Granville Capital Inc. bought a new position in JPMorgan Income ETF in the 3rd quarter valued at $618,000. Confluence Wealth Services Inc. boosted its position in JPMorgan Income ETF by 20.0% in the 3rd quarter. Confluence Wealth Services Inc. now owns 889,323 shares of the company’s stock valued at $39,922,000 after buying an additional 148,521 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of JPMorgan Income ETF in the 3rd quarter valued at $706,000.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $44.86 on Friday. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week high of $46.61. The stock has a fifty day moving average of $45.09 and a 200-day moving average of $45.81.

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.