Hicks Capital Management LLC Invests $573,000 in JPMorgan Income ETF $JPIE

Hicks Capital Management LLC bought a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, Holdings Channel reports. The firm bought 12,388 shares of the company’s stock, valued at approximately $573,000. JPMorgan Income ETF comprises approximately 0.6% of Hicks Capital Management LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Imprint Wealth LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $33,000. ESL Trust Services LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $35,000. Central Pacific Bank Trust Division acquired a new position in shares of JPMorgan Income ETF in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of JPMorgan Income ETF by 95.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after acquiring an additional 429 shares in the last quarter. Finally, GGM Financials LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $43,000.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $45.86 on Monday. JPMorgan Income ETF has a one year low of $45.75 and a one year high of $46.61. The business’s 50 day simple moving average is $46.07 and its 200-day simple moving average is $46.26.

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.