Echo Wealth Management LLC Buys 23,924 Shares of JPMorgan Income ETF $JPIE

Echo Wealth Management LLC boosted its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,628 shares of the company’s stock after acquiring an additional 23,924 shares during the quarter. JPMorgan Income ETF accounts for 11.7% of Echo Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Echo Wealth Management LLC owned approximately 0.24% of JPMorgan Income ETF worth $20,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank bought a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at about $26,000. Imprint Wealth LLC acquired a new stake in JPMorgan Income ETF in the 3rd quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new stake in JPMorgan Income ETF in the 4th quarter valued at approximately $35,000. MidAtlantic Capital Management Inc. bought a new stake in JPMorgan Income ETF in the 4th quarter valued at approximately $35,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in JPMorgan Income ETF by 351.6% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 849 shares of the company’s stock worth $39,000 after acquiring an additional 661 shares during the last quarter.

JPMorgan Income ETF Stock Up 0.0%

Shares of JPIE opened at $46.07 on Friday. JPMorgan Income ETF has a twelve month low of $45.77 and a twelve month high of $46.61. The company has a 50 day moving average of $46.02 and a 200-day moving average of $46.19.

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.