Daymark Wealth Partners LLC Has $9.26 Million Stock Position in JPMorgan Income ETF $JPIE

Daymark Wealth Partners LLC lessened its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 200,083 shares of the company’s stock after selling 49,024 shares during the period. Daymark Wealth Partners LLC’s holdings in JPMorgan Income ETF were worth $9,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of JPMorgan Income ETF by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after purchasing an additional 578,800 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of JPMorgan Income ETF by 71.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after purchasing an additional 1,914,053 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of JPMorgan Income ETF by 10.2% in the 3rd quarter. Savant Capital LLC now owns 3,538,263 shares of the company’s stock valued at $164,211,000 after buying an additional 328,043 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Income ETF by 52.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock valued at $113,152,000 after buying an additional 839,269 shares during the last quarter. Finally, Heritage Financial Services LLC grew its stake in shares of JPMorgan Income ETF by 4.5% in the third quarter. Heritage Financial Services LLC now owns 2,305,382 shares of the company’s stock valued at $106,993,000 after buying an additional 99,558 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE opened at $45.92 on Wednesday. JPMorgan Income ETF has a 1-year low of $45.01 and a 1-year high of $46.61. The company’s fifty day simple moving average is $46.33 and its 200 day simple moving average is $46.35.

JPMorgan Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.2082 dividend. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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.