Nolet Wealth Management LLC Takes Position in JPMorgan Income ETF $JPIE

Nolet Wealth Management LLC purchased a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 41,239 shares of the company’s stock, valued at approximately $1,909,000. JPMorgan Income ETF accounts for about 1.1% of Nolet Wealth Management LLC’s holdings, making the stock its 18th biggest position.

A number of other hedge funds also recently modified their holdings of JPIE. Global View Capital Management LLC grew its holdings in JPMorgan Income ETF by 3.3% during the fourth quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares during the period. Steinberganna Wealth Management raised its stake in shares of JPMorgan Income ETF by 1.8% in the fourth quarter. Steinberganna Wealth Management now owns 13,806 shares of the company’s stock valued at $639,000 after buying an additional 246 shares during the period. Fagan Associates Inc. raised its stake in shares of JPMorgan Income ETF by 3.3% in the fourth quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock valued at $360,000 after buying an additional 250 shares during the period. Summit Wealth Partners LLC lifted its position in shares of JPMorgan Income ETF by 3.9% during the 4th quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock valued at $325,000 after buying an additional 260 shares during the last quarter. Finally, Mayfair Advisory Group LLC lifted its position in shares of JPMorgan Income ETF by 3.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 10,006 shares of the company’s stock valued at $463,000 after buying an additional 300 shares during the last quarter.

JPMorgan Income ETF Stock Performance

JPIE stock opened at $45.95 on Friday. JPMorgan Income ETF has a fifty-two week low of $45.77 and a fifty-two week high of $46.61. The stock has a fifty day moving average of $46.03 and a 200-day moving average of $46.20.

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.