Patriot Financial Group Insurance Agency LLC Increases Stock Holdings in JPMorgan Income ETF $JPIE

Patriot Financial Group Insurance Agency LLC boosted its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 103.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,990 shares of the company’s stock after acquiring an additional 71,586 shares during the period. Patriot Financial Group Insurance Agency LLC owned 0.07% of JPMorgan Income ETF worth $6,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Income ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares during the period. Morgan Stanley boosted its stake in shares of JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock valued at $258,861,000 after buying an additional 982,593 shares during the period. Wells Fargo & Company MN increased its position in shares of JPMorgan Income ETF by 45.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after buying an additional 1,181,828 shares during the period. Finally, Heritage Financial Services LLC raised its stake in JPMorgan Income ETF by 23.6% in the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after buying an additional 543,246 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE opened at $46.07 on Friday. JPMorgan Income ETF has a one year low of $45.77 and a one year high of $46.61. The company has a 50-day simple moving average of $46.02 and a two-hundred day simple moving average of $46.19.

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.