Geneos Wealth Management Inc. Acquires 60,238 Shares of JPMorgan Income ETF $JPIE

Geneos Wealth Management Inc. increased its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 24.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 304,089 shares of the company’s stock after purchasing an additional 60,238 shares during the quarter. Geneos Wealth Management Inc.’s holdings in JPMorgan Income ETF were worth $14,113,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock worth $317,321,000 after purchasing an additional 1,783,134 shares during the period. Savant Capital LLC boosted its position in shares of JPMorgan Income ETF by 28.5% during the 2nd quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock worth $148,697,000 after purchasing an additional 712,653 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Income ETF by 24.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,695,517 shares of the company’s stock worth $124,856,000 after purchasing an additional 536,335 shares in the last quarter. Heritage Financial Services LLC grew its stake in shares of JPMorgan Income ETF by 1.1% in the 2nd quarter. Heritage Financial Services LLC now owns 2,205,824 shares of the company’s stock valued at $102,174,000 after buying an additional 23,079 shares during the period. Finally, Bank of America Corp DE increased its position in JPMorgan Income ETF by 15.7% in the 2nd quarter. Bank of America Corp DE now owns 2,164,650 shares of the company’s stock valued at $100,267,000 after buying an additional 293,600 shares in the last quarter.

JPMorgan Income ETF Stock Up 0.2%

JPIE stock opened at $46.35 on Tuesday. The stock’s 50 day simple moving average is $46.33 and its 200 day simple moving average is $46.31. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.57.

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.