HBK Sorce Advisory LLC Takes $5.34 Million Position in JPMorgan Income ETF $JPIE

HBK Sorce Advisory LLC bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 115,645 shares of the company’s stock, valued at approximately $5,344,000.

Several other large investors have also recently bought and sold shares of JPIE. JPMorgan Chase & Co. increased its position in shares of JPMorgan Income ETF by 35.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock worth $317,321,000 after purchasing an additional 1,783,134 shares during the last quarter. Savant Capital LLC grew its stake in shares of JPMorgan Income ETF by 28.5% in the second quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock valued at $148,697,000 after buying an additional 712,653 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of JPMorgan Income ETF by 24.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,695,517 shares of the company’s stock valued at $124,856,000 after buying an additional 536,335 shares in the last quarter. Heritage Financial Services LLC increased its holdings in JPMorgan Income ETF by 1.1% during the second quarter. Heritage Financial Services LLC now owns 2,205,824 shares of the company’s stock worth $102,174,000 after buying an additional 23,079 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of JPMorgan Income ETF by 15.7% in the 2nd quarter. Bank of America Corp DE now owns 2,164,650 shares of the company’s stock valued at $100,267,000 after purchasing an additional 293,600 shares during the period.

JPMorgan Income ETF Stock Performance

JPIE opened at $46.48 on Monday. The stock’s fifty day simple moving average is $46.34 and its 200 day simple moving average is $46.29. JPMorgan Income ETF has a 1-year low of $45.01 and a 1-year high of $46.57.

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.