Apollon Wealth Management LLC Grows Position in JPMorgan Income ETF $JPIE

Apollon Wealth Management LLC increased its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 5,513.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 415,690 shares of the company’s stock after purchasing an additional 408,285 shares during the quarter. Apollon Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $19,151,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Income ETF by 4.1% during the 4th 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 during the period. Morgan Stanley increased its holdings in JPMorgan Income ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in JPMorgan Income ETF by 21.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock valued at $258,861,000 after purchasing an additional 982,593 shares during the period. Wells Fargo & Company MN raised its position in JPMorgan Income ETF by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after purchasing an additional 1,181,828 shares during the period. Finally, Heritage Financial Services LLC lifted its stake 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 Stock Performance

NYSEARCA:JPIE opened at $46.07 on Monday. JPMorgan Income ETF has a 52 week low of $45.77 and a 52 week high of $46.61. The stock’s fifty day moving average is $46.02 and its two-hundred day moving average is $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.