HBW Advisory Services LLC Acquires 23,390 Shares of JPMorgan Income ETF $JPIE

HBW Advisory Services LLC lifted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 21.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,431 shares of the company’s stock after buying an additional 23,390 shares during the period. JPMorgan Income ETF accounts for about 0.7% of HBW Advisory Services LLC’s investment portfolio, making the stock its 28th biggest holding. HBW Advisory Services LLC’s holdings in JPMorgan Income ETF were worth $6,239,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JPIE. Cary Street Partners Investment Advisory LLC boosted its stake in JPMorgan Income ETF by 3.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after acquiring an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after purchasing an additional 343 shares during the period. Independent Wealth Network Inc. boosted its position in shares of JPMorgan Income ETF by 2.6% during the 3rd quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock worth $643,000 after purchasing an additional 346 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of JPMorgan Income ETF by 6.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,656 shares of the company’s stock valued at $308,000 after buying an additional 393 shares during the period. Finally, Altus Wealth Management LLC increased its position in JPMorgan Income ETF by 1.1% in the 2nd quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock valued at $1,862,000 after buying an additional 419 shares in the last quarter.

JPMorgan Income ETF Stock Up 0.0%

JPIE stock opened at $46.48 on Friday. The stock’s 50 day simple moving average is $46.34 and its 200 day simple moving average is $46.28. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two 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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.