Raymond James & Associates Invests $2.34 Million in JPMorgan Income ETF (NYSEARCA:JPIE)

Raymond James & Associates bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 51,191 shares of the company’s stock, valued at approximately $2,335,000. Raymond James & Associates owned approximately 0.41% of JPMorgan Income ETF as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Royal Bank of Canada acquired a new position in shares of JPMorgan Income ETF during the 2nd quarter valued at about $28,000. IFP Advisors Inc acquired a new position in shares of JPMorgan Income ETF during the 2nd quarter valued at about $30,000. UBS Group AG acquired a new position in shares of JPMorgan Income ETF during the 1st quarter valued at about $32,000. Money Concepts Capital Corp boosted its position in shares of JPMorgan Income ETF by 651.5% during the 4th quarter. Money Concepts Capital Corp now owns 977 shares of the company’s stock valued at $44,000 after acquiring an additional 847 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in JPMorgan Income ETF in the first quarter valued at about $67,000.

JPMorgan Income ETF Stock Down 0.1 %

NYSEARCA JPIE opened at $44.96 on Tuesday. The firm’s 50-day moving average is $45.32 and its two-hundred day moving average is $45.04. JPMorgan Income ETF has a 12 month low of $43.72 and a 12 month high of $46.05.

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.