Element Pointe Advisors LLC Buys 146,304 Shares of JPMorgan Income ETF $JPIE

Element Pointe Advisors LLC grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 30.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 631,326 shares of the company’s stock after buying an additional 146,304 shares during the quarter. JPMorgan Income ETF accounts for about 4.0% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Element Pointe Advisors LLC’s holdings in JPMorgan Income ETF were worth $28,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ellis Investment Partners LLC purchased a new position in JPMorgan Income ETF in the third quarter valued at $212,000. Fifth Third Securities Inc. acquired a new position in shares of JPMorgan Income ETF in the third quarter worth about $2,563,000. Diversify Advisory Services LLC raised its position in shares of JPMorgan Income ETF by 157.0% in the third quarter. Diversify Advisory Services LLC now owns 17,948 shares of the company’s stock worth $807,000 after acquiring an additional 10,963 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth about $402,000. Finally, Asset Advisory Group Inc. boosted its stake in shares of JPMorgan Income ETF by 5.3% during the 3rd quarter. Asset Advisory Group Inc. now owns 159,080 shares of the company’s stock worth $7,141,000 after acquiring an additional 7,968 shares in the last quarter.

JPMorgan Income ETF Price Performance

JPIE stock opened at $44.91 on Thursday. JPMorgan Income ETF has a 52-week low of $44.58 and a 52-week high of $46.61. The company’s 50-day simple moving average is $45.32 and its 200-day simple moving average is $45.74.

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.