Partners Wealth Management LLC Makes New Investment in JPMorgan Income ETF $JPIE

Partners Wealth Management LLC bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 27,731 shares of the company’s stock, valued at approximately $1,245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Founders Financial Securities LLC acquired a new position in shares of JPMorgan Income ETF during the third quarter valued at about $9,538,000. Sage Rhino Capital LLC raised its position in shares of JPMorgan Income ETF by 1.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 64,858 shares of the company’s stock valued at $2,911,000 after purchasing an additional 864 shares during the last quarter. Howard Wealth Management LLC boosted its stake in JPMorgan Income ETF by 11.4% in the 3rd quarter. Howard Wealth Management LLC now owns 8,120 shares of the company’s stock worth $365,000 after purchasing an additional 834 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in JPMorgan Income ETF in the 3rd quarter worth approximately $27,349,000. Finally, BOKF NA acquired a new stake in JPMorgan Income ETF in the 3rd quarter worth approximately $2,827,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $45.25 on Friday. JPMorgan Income ETF has a twelve month low of $44.58 and a twelve month high of $46.61. The company’s 50 day moving average is $45.22 and its two-hundred day moving average is $45.86.

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.