Beacon Bank & Trust lifted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 30.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 94,974 shares of the company’s stock after buying an additional 21,945 shares during the period. JPMorgan Income ETF makes up about 0.9% of Beacon Bank & Trust’s portfolio, making the stock its 27th biggest holding. Beacon Bank & Trust’s holdings in JPMorgan Income ETF were worth $4,375,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in JPIE. Huntington National Bank bought a new position in shares of JPMorgan Income ETF in the 4th quarter valued at about $26,000. Imprint Wealth LLC bought a new stake in JPMorgan Income ETF during the third quarter worth approximately $33,000. MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Income ETF during the fourth quarter valued at approximately $35,000. Central Pacific Bank Trust Division purchased a new stake in JPMorgan Income ETF during the fourth quarter valued at approximately $35,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of JPMorgan Income ETF by 351.6% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 849 shares of the company’s stock valued at $39,000 after purchasing an additional 661 shares during the last quarter.
JPMorgan Income ETF Trading Up 0.1%
Shares of JPMorgan Income ETF stock opened at $45.92 on Tuesday. The stock has a 50 day moving average price of $45.98 and a 200-day moving average price of $46.18. JPMorgan Income ETF has a one year low of $45.77 and a one 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.
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Want to see what other hedge funds are holding JPIE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Income ETF (NYSEARCA:JPIE – Free Report).
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