Cornerstone Advisory LLC Has $31.72 Million Holdings in JPMorgan Income ETF $JPIE

Cornerstone Advisory LLC lifted its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 688,590 shares of the company’s stock after acquiring an additional 55,746 shares during the quarter. JPMorgan Income ETF makes up approximately 3.0% of Cornerstone Advisory LLC’s investment portfolio, making the stock its 6th largest position. Cornerstone Advisory LLC owned approximately 0.36% of JPMorgan Income ETF worth $31,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global View Capital Management LLC boosted its position in JPMorgan Income ETF by 3.3% during the fourth quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares during the last quarter. Steinberganna Wealth Management grew its stake in JPMorgan Income ETF by 1.8% in the fourth quarter. Steinberganna Wealth Management now owns 13,806 shares of the company’s stock valued at $639,000 after purchasing an additional 246 shares in the last quarter. Fagan Associates Inc. increased its position in shares of JPMorgan Income ETF by 3.3% during the 4th quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock worth $360,000 after purchasing an additional 250 shares during the last quarter. Summit Wealth Partners LLC increased its position in shares of JPMorgan Income ETF by 3.9% during the 4th quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock worth $325,000 after purchasing an additional 260 shares during the last quarter. Finally, Archer Investment Corp raised its stake in shares of JPMorgan Income ETF by 9.1% during the 1st quarter. Archer Investment Corp now owns 3,577 shares of the company’s stock worth $165,000 after purchasing an additional 297 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.2%

Shares of JPMorgan Income ETF stock opened at $45.86 on Wednesday. JPMorgan Income ETF has a 12-month low of $45.77 and a 12-month high of $46.61. The business’s 50 day moving average is $45.95 and its 200-day moving average is $46.15.

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.