Daviman Financial LLC Invests $682,000 in JPMorgan Income ETF $JPIE

Daviman Financial LLC purchased a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,801 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Etesian Wealth Advisors Inc. grew its stake in shares of JPMorgan Income ETF by 1.6% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 151,356 shares of the company’s stock valued at $6,973,000 after purchasing an additional 2,342 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of JPMorgan Income ETF by 4.3% during the first quarter. Continuum Advisory LLC now owns 113,246 shares of the company’s stock worth $5,217,000 after purchasing an additional 4,720 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of JPMorgan Income ETF by 5,513.6% during the first quarter. Apollon Wealth Management LLC now owns 415,690 shares of the company’s stock worth $19,151,000 after purchasing an additional 408,285 shares during the last quarter. Penney Financial LLC lifted its holdings in shares of JPMorgan Income ETF by 3.6% during the first quarter. Penney Financial LLC now owns 208,599 shares of the company’s stock worth $9,610,000 after purchasing an additional 7,283 shares during the period. Finally, Independence Asset Advisors LLC acquired a new stake in shares of JPMorgan Income ETF during the first quarter worth $284,000.

JPMorgan Income ETF Trading Down 0.1%

NYSEARCA:JPIE opened at $46.05 on Wednesday. The firm’s fifty day moving average price is $46.01 and its 200 day moving average price is $46.19. JPMorgan Income ETF has a 1-year low of $45.77 and a 1-year 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.