Schneider Downs Wealth Management Advisors LP Buys 94,771 Shares of JPMorgan Income ETF $JPIE

Schneider Downs Wealth Management Advisors LP grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,128 shares of the company’s stock after acquiring an additional 94,771 shares during the period. JPMorgan Income ETF accounts for 2.3% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 11th biggest holding. Schneider Downs Wealth Management Advisors LP’s holdings in JPMorgan Income ETF were worth $15,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC bought a new position in JPMorgan Income ETF in the 2nd quarter worth about $256,000. West Michigan Advisors LLC grew its stake in JPMorgan Income ETF by 53.0% in the 2nd quarter. West Michigan Advisors LLC now owns 17,889 shares of the company’s stock worth $829,000 after acquiring an additional 6,196 shares in the last quarter. Cornerstone Advisory LLC grew its stake in JPMorgan Income ETF by 4.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 562,436 shares of the company’s stock worth $26,052,000 after acquiring an additional 21,513 shares in the last quarter. Freedom Investment Management Inc. bought a new position in JPMorgan Income ETF in the 2nd quarter worth about $463,000. Finally, D.A. Davidson & CO. boosted its stake in shares of JPMorgan Income ETF by 19.0% during the second quarter. D.A. Davidson & CO. now owns 105,869 shares of the company’s stock valued at $4,904,000 after purchasing an additional 16,915 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.0%

NYSEARCA JPIE opened at $46.44 on Friday. The firm’s 50 day moving average price is $46.40 and its 200-day moving average price is $46.10. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.57.

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.