HB Wealth Management LLC Has $1.13 Million Stock Position in JPMorgan Income ETF $JPIE

HB Wealth Management LLC grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 462.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,608 shares of the company’s stock after purchasing an additional 20,233 shares during the quarter. HB Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $1,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its holdings in JPMorgan Income ETF by 25.8% in the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of JPMorgan Income ETF by 45.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after buying an additional 1,181,828 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of JPMorgan Income ETF by 1,680.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after buying an additional 1,068,410 shares during the period. Arkadios Wealth Advisors increased its stake in shares of JPMorgan Income ETF by 301.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after acquiring an additional 903,176 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of JPMorgan Income ETF by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after acquiring an additional 791,361 shares during the last quarter.

JPMorgan Income ETF Trading Down 0.3%

Shares of NYSEARCA:JPIE opened at $45.43 on Friday. The firm’s 50 day simple moving average is $45.81 and its 200 day simple moving average is $45.97. JPMorgan Income ETF has a fifty-two week low of $45.42 and a fifty-two week high of $46.61.

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.