Truist Financial Corp Has $35.07 Million Position in JPMorgan Income ETF $JPIE

Truist Financial Corp raised its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 105.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 755,740 shares of the company’s stock after buying an additional 387,821 shares during the period. Truist Financial Corp owned about 0.60% of JPMorgan Income ETF worth $35,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Parkworth Wealth Management Inc. purchased a new position in shares of JPMorgan Income ETF in the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new stake in JPMorgan Income ETF in the second quarter worth $37,000. Wilmington Savings Fund Society FSB raised its stake in shares of JPMorgan Income ETF by 95.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock valued at $41,000 after buying an additional 429 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan Income ETF during the 2nd quarter valued at $62,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in JPMorgan Income ETF by 43.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $69,000 after acquiring an additional 452 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $46.45 on Friday. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.57. The stock has a fifty day moving average of $46.37 and a 200-day moving average of $46.34.

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.