Savant Capital LLC Increases Position in JPMorgan Income ETF $JPIE

Savant Capital LLC lifted its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,538,263 shares of the company’s stock after acquiring an additional 328,043 shares during the period. JPMorgan Income ETF accounts for approximately 0.9% of Savant Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Savant Capital LLC owned about 2.80% of JPMorgan Income ETF worth $164,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPIE. Parkworth Wealth Management Inc. purchased a new stake in JPMorgan Income ETF during the 2nd quarter valued at about $29,000. ESL Trust Services LLC purchased a new stake in JPMorgan Income ETF in the third quarter valued at approximately $35,000. Total Investment Management Inc. acquired a new position in JPMorgan Income ETF in the 2nd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB increased its holdings in JPMorgan Income ETF by 95.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after buying an additional 429 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Income ETF during the 2nd quarter worth approximately $62,000.

JPMorgan Income ETF Stock Up 0.1%

JPIE stock opened at $46.33 on Wednesday. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.57. The firm’s fifty day simple moving average is $46.37 and its 200-day simple moving average is $46.35.

JPMorgan Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.2036 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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.