Echo Wealth Management LLC Buys 14,228 Shares of JPMorgan Income ETF $JPIE

Echo Wealth Management LLC raised its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,207 shares of the company’s stock after buying an additional 14,228 shares during the period. JPMorgan Income ETF makes up approximately 13.7% of Echo Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Echo Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $23,400,000 at the end of the most recent reporting period.

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

JPMorgan Income ETF Trading Up 0.2%

JPMorgan Income ETF stock opened at $46.35 on Tuesday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57. The firm’s 50-day simple moving average is $46.33 and its 200 day simple moving average is $46.31.

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.