Private Advisor Group LLC Purchases 43,851 Shares of JPMorgan Income ETF $JPIE

Private Advisor Group LLC grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,002 shares of the company’s stock after acquiring an additional 43,851 shares during the quarter. Private Advisor Group LLC owned about 0.27% of JPMorgan Income ETF worth $15,733,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Parkworth Wealth Management Inc. bought a new position 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 3rd quarter worth about $35,000. Total Investment Management Inc. bought a new stake in JPMorgan Income ETF in the second quarter worth about $37,000. Wilmington Savings Fund Society FSB lifted its stake in JPMorgan Income ETF by 95.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after purchasing an additional 429 shares during the last quarter. Finally, GGM Financials LLC purchased a new position in shares of JPMorgan Income ETF during the third quarter valued at approximately $43,000.

JPMorgan Income ETF Stock Up 0.0%

JPIE opened at $46.22 on Wednesday. The stock’s 50 day moving average price is $46.39 and its 200-day moving average price is $46.38. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.2082 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20.

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.