BNB Wealth Management LLC Invests $3.49 Million in JPMorgan Income ETF $JPIE

BNB Wealth Management LLC bought a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,291 shares of the company’s stock, valued at approximately $3,485,000. JPMorgan Income ETF comprises 2.2% of BNB Wealth Management LLC’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in JPMorgan Income ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares in the last quarter. Morgan Stanley boosted its position in JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after purchasing an additional 1,393,857 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares in the last quarter. Wells Fargo & Company MN boosted its position in JPMorgan Income ETF by 45.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares in the last quarter. Finally, Heritage Financial Services LLC boosted its position in JPMorgan Income ETF by 23.6% during the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after purchasing an additional 543,246 shares in the last quarter.

JPMorgan Income ETF Trading Down 0.3%

Shares of JPIE stock opened at $45.95 on Thursday. The business’s 50 day moving average is $46.03 and its two-hundred day moving average is $46.21. JPMorgan Income ETF has a 12-month low of $45.77 and a 12-month high of $46.61.

JPMorgan Income ETF Company 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.