JPMorgan Income ETF $JPIE Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 11.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,131,321 shares of the company’s stock after acquiring an additional 747,797 shares during the period. JPMorgan Income ETF accounts for 1.6% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding. Sequoia Financial Advisors LLC owned about 3.19% of JPMorgan Income ETF worth $328,397,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in JPMorgan Income ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock valued at $357,883,000 after acquiring an additional 301,897 shares during the period. Morgan Stanley boosted its position in JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after acquiring an additional 1,393,857 shares during the period. Wells Fargo & Company MN boosted its position in JPMorgan Income ETF by 45.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after acquiring an additional 1,181,828 shares during the period. Bank of America Corp DE grew its stake in shares of JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock worth $166,621,000 after purchasing an additional 513,347 shares in the last quarter. Finally, Waverly Advisors LLC grew its stake in shares of JPMorgan Income ETF by 7.1% in the second quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock worth $122,853,000 after purchasing an additional 176,274 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $45.56 on Thursday. JPMorgan Income ETF has a one year low of $45.54 and a one year high of $46.61. The stock’s fifty day moving average is $45.82 and its 200-day moving average is $45.98.

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.