Beam Wealth Advisors Inc. Buys New Position in JPMorgan Income ETF $JPIE

Beam Wealth Advisors Inc. bought a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 173,934 shares of the company’s stock, valued at approximately $8,013,000. JPMorgan Income ETF comprises approximately 2.0% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 9th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. EPG Wealth Management LLC increased its stake in shares of JPMorgan Income ETF by 10.1% during the fourth quarter. EPG Wealth Management LLC now owns 126,586 shares of the company’s stock worth $5,860,000 after buying an additional 11,577 shares during the period. Chesley Taft & Associates LLC raised its holdings in JPMorgan Income ETF by 26.7% in the fourth quarter. Chesley Taft & Associates LLC now owns 79,920 shares of the company’s stock valued at $3,699,000 after acquiring an additional 16,848 shares in the last quarter. Pennsylvania Capital Management Inc. ADV lifted its stake in JPMorgan Income ETF by 4.4% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 453,100 shares of the company’s stock worth $20,974,000 after acquiring an additional 19,208 shares during the last quarter. Choreo LLC lifted its stake in JPMorgan Income ETF by 2,878.1% in the fourth quarter. Choreo LLC now owns 164,988 shares of the company’s stock worth $7,675,000 after acquiring an additional 159,448 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in JPMorgan Income ETF by 15.7% during the 4th quarter. RFG Advisory LLC now owns 80,744 shares of the company’s stock worth $3,738,000 after acquiring an additional 10,958 shares in the last quarter.

JPMorgan Income ETF Trading Down 0.0%

NYSEARCA JPIE opened at $45.85 on Thursday. JPMorgan Income ETF has a 52 week low of $45.77 and a 52 week high of $46.61. The firm has a 50 day moving average of $45.97 and a two-hundred day moving average of $46.17.

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.