Prospera Financial Services Inc Cuts Position in JPMorgan Income ETF $JPIE

Prospera Financial Services Inc lessened its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 94.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,175 shares of the company’s stock after selling 153,307 shares during the quarter. Prospera Financial Services Inc’s holdings in JPMorgan Income ETF were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPIE. Jones Financial Companies Lllp purchased a new stake in JPMorgan Income ETF in the first quarter worth about $555,000. EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 26.4% in 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 in the last quarter. NewEdge Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 13.9% in the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock worth $6,948,000 after buying an additional 18,298 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of JPMorgan Income ETF by 21.1% in the second quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock worth $32,929,000 after buying an additional 123,935 shares in the last quarter. Finally, Vienna Asset Management LLC lifted its stake in shares of JPMorgan Income ETF by 21.8% in the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock worth $2,001,000 after buying an additional 7,735 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $46.16 on Monday. The firm’s 50 day moving average price is $46.03 and its 200-day moving average price is $46.24. JPMorgan Income ETF has a 52-week low of $45.76 and a 52-week high of $46.61.

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.