CoreCap Advisors LLC Decreases Stock Position in JPMorgan Income ETF $JPIE

CoreCap Advisors LLC trimmed its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 96.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014 shares of the company’s stock after selling 29,971 shares during the quarter. CoreCap Advisors LLC’s holdings in JPMorgan Income ETF were worth $47,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its position in JPMorgan Income ETF by 3.1% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock valued at $442,000 after purchasing an additional 289 shares in the last quarter. Narus Financial Partners LLC grew its position in shares of JPMorgan Income ETF by 0.6% during the third quarter. Narus Financial Partners LLC now owns 49,316 shares of the company’s stock worth $2,289,000 after buying an additional 308 shares in the last quarter. Cresset Asset Management LLC grew its position in shares of JPMorgan Income ETF by 1.8% during the third quarter. Cresset Asset Management LLC now owns 18,050 shares of the company’s stock worth $838,000 after buying an additional 323 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after buying an additional 343 shares during the period. Finally, Independent Wealth Network Inc. increased its stake in shares of JPMorgan Income ETF by 2.6% during the third quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock worth $643,000 after buying an additional 346 shares during the period.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA:JPIE opened at $45.91 on Friday. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.61. The firm’s 50 day moving average price is $46.26 and its 200 day moving average price is $46.32.

JPMorgan Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.2082 dividend. 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%. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20.

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.