Cornerstone Financial Management LLC Invests $1.52 Million in JPMorgan Income ETF $JPIE

Cornerstone Financial Management LLC acquired a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,925 shares of the company’s stock, valued at approximately $1,524,000. JPMorgan Income ETF accounts for about 1.4% of Cornerstone Financial Management LLC’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Income ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after acquiring an additional 301,897 shares during the period. Morgan Stanley lifted its holdings in shares of JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after acquiring an additional 1,393,857 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of JPMorgan Income ETF by 21.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after acquiring an additional 982,593 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of JPMorgan Income ETF by 45.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after acquiring an additional 1,181,828 shares during the period. Finally, Heritage Financial Services LLC lifted its holdings in shares of JPMorgan Income ETF by 23.6% during the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after acquiring an additional 543,246 shares during the period.

JPMorgan Income ETF Stock Up 0.0%

NYSEARCA:JPIE opened at $46.00 on Friday. The company has a 50-day moving average of $46.03 and a 200-day moving average of $46.22. JPMorgan Income ETF has a 52 week low of $45.77 and a 52 week high of $46.61.

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.