JPMorgan Income ETF $JPIE is HBW Advisory Services LLC’s 7th Largest Position

HBW Advisory Services LLC increased its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 141.6% in the first quarter, HoldingsChannel reports. The firm owned 410,617 shares of the company’s stock after acquiring an additional 240,664 shares during the period. JPMorgan Income ETF accounts for about 2.0% of HBW Advisory Services LLC’s investment portfolio, making the stock its 7th biggest holding. HBW Advisory Services LLC’s holdings in JPMorgan Income ETF were worth $18,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department raised its stake in JPMorgan Income ETF by 40.6% during the 1st quarter. Citizens National Bank Trust Department now owns 79,625 shares of the company’s stock valued at $3,668,000 after purchasing an additional 23,010 shares during the period. International Assets Investment Management LLC boosted its position in shares of JPMorgan Income ETF by 40.1% in the first quarter. International Assets Investment Management LLC now owns 27,036 shares of the company’s stock worth $1,241,000 after buying an additional 7,741 shares during the period. Fifth Third Bancorp purchased a new position in shares of JPMorgan Income ETF during the first quarter valued at $1,570,000. Sovran Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 5.6% during the first quarter. Sovran Advisors LLC now owns 126,088 shares of the company’s stock valued at $5,818,000 after buying an additional 6,649 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 14.2% during the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after buying an additional 791,361 shares in the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $45.77 on Tuesday. The business’s fifty day moving average price is $45.95 and its 200 day moving average price is $46.16. JPMorgan Income ETF has a 1-year low of $45.77 and a 1-year high of $46.61.

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.