EPG Wealth Management LLC Increases Stake in JPMorgan Income ETF $JPIE

EPG Wealth Management LLC grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 136.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 115,009 shares of the company’s stock after purchasing an additional 66,384 shares during the quarter. JPMorgan Income ETF accounts for approximately 1.5% of EPG Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. EPG Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $5,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC bought a new stake in shares of JPMorgan Income ETF during the third quarter valued at approximately $340,000. Fortis Capital Advisors LLC purchased a new stake in JPMorgan Income ETF during the 3rd quarter valued at $340,000. Sage Rhino Capital LLC increased its holdings in shares of JPMorgan Income ETF by 2.9% in the 3rd quarter. Sage Rhino Capital LLC now owns 47,298 shares of the company’s stock worth $2,195,000 after purchasing an additional 1,338 shares in the last quarter. Sovran Advisors LLC purchased a new position in shares of JPMorgan Income ETF in the third quarter worth $2,295,000. Finally, Winebrenner Capital Management LLC raised its stake in shares of JPMorgan Income ETF by 49.5% in the third quarter. Winebrenner Capital Management LLC now owns 102,440 shares of the company’s stock worth $4,754,000 after purchasing an additional 33,908 shares during the last quarter.

JPMorgan Income ETF Stock Up 0.1%

JPMorgan Income ETF stock opened at $46.42 on Wednesday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57. The business’s fifty day moving average is $46.36 and its 200 day moving average is $46.33.

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.