JPMorgan Income ETF $JPIE Shares Bought by Tortoise Investment Management LLC

Tortoise Investment Management LLC grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 1,349.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,732 shares of the company’s stock after buying an additional 74,232 shares during the quarter. Tortoise Investment Management LLC’s holdings in JPMorgan Income ETF were worth $3,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank purchased a new position in JPMorgan Income ETF during the 4th quarter valued at about $26,000. Rice Partnership LLC acquired a new position in JPMorgan Income ETF during the first quarter worth about $30,000. Imprint Wealth LLC acquired a new position in JPMorgan Income ETF during the third quarter worth about $33,000. Torren Management LLC purchased a new stake in shares of JPMorgan Income ETF in the first quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at about $35,000.

JPMorgan Income ETF Trading Down 0.0%

JPIE stock opened at $45.56 on Thursday. The company’s 50 day simple moving average is $45.82 and its 200-day simple moving average is $45.98. JPMorgan Income ETF has a 12 month low of $45.54 and a 12 month high of $46.61.

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.