Means Investment CO. Inc. Buys 735,936 Shares of JPMorgan Income ETF $JPIE

Means Investment CO. Inc. bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 735,936 shares of the company’s stock, valued at approximately $33,036,000. JPMorgan Income ETF comprises approximately 2.4% of Means Investment CO. Inc.’s holdings, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avantax Planning Partners Inc. bought a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at about $1,335,000. Beam Wealth Advisors Inc. grew its position in shares of JPMorgan Income ETF by 10.3% during the third quarter. Beam Wealth Advisors Inc. now owns 341,266 shares of the company’s stock valued at $15,319,000 after purchasing an additional 31,782 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of JPMorgan Income ETF during the third quarter valued at about $893,000. Birchwood Financial Partners Inc. increased its holdings in shares of JPMorgan Income ETF by 1.6% in the third quarter. Birchwood Financial Partners Inc. now owns 20,916 shares of the company’s stock worth $939,000 after purchasing an additional 337 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of JPMorgan Income ETF by 36.9% in the third quarter. Kestra Advisory Services LLC now owns 537,286 shares of the company’s stock worth $24,119,000 after purchasing an additional 144,913 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE opened at $45.18 on Monday. JPMorgan Income ETF has a 12 month low of $44.58 and a 12 month high of $46.61. The business’s 50-day moving average is $45.14 and its 200 day moving average is $45.83.

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.