Chesley Taft & Associates LLC Grows Stake in JPMorgan Income ETF $JPIE

Chesley Taft & Associates LLC grew its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 26.7% in the fourth quarter, Holdings Channel reports. The fund owned 79,920 shares of the company’s stock after acquiring an additional 16,848 shares during the quarter. Chesley Taft & Associates LLC’s holdings in JPMorgan Income ETF were worth $3,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JPIE. JPMorgan Chase & Co. lifted its stake in JPMorgan Income ETF by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock valued at $344,800,000 after purchasing an additional 578,800 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in JPMorgan Income ETF by 71.0% in the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after buying an additional 1,914,053 shares during the last quarter. Savant Capital LLC raised its stake in shares of JPMorgan Income ETF by 10.2% in the third 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 period. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Income ETF by 52.5% in the third 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 period. Finally, Heritage Financial Services LLC lifted its position in shares of JPMorgan Income ETF by 4.5% during the 3rd 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 during the last quarter.

JPMorgan Income ETF Trading Up 0.0%

JPIE stock opened at $45.85 on Friday. The stock has a fifty day moving average of $46.30 and a 200-day moving average of $46.34. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.2082 per share. This represents a c) annualized dividend and a yield of 5.4%. 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.

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.