Beam Wealth Advisors Inc. Takes Position in JPMorgan Income ETF $JPIE

Beam Wealth Advisors Inc. acquired a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 173,934 shares of the company’s stock, valued at approximately $8,013,000. JPMorgan Income ETF comprises about 2.0% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 9th largest position. Beam Wealth Advisors Inc. owned 0.09% of JPMorgan Income ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Morgan Stanley raised 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 buying an additional 1,393,857 shares during the period. Wells Fargo & Company MN boosted its stake 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 buying an additional 1,181,828 shares during the period. Rockefeller Capital Management L.P. boosted its stake in JPMorgan Income ETF by 1,680.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after buying an additional 1,068,410 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of 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 valued at $258,861,000 after acquiring an additional 982,593 shares during the last quarter. Finally, Williams Financial LLC increased its position in shares of JPMorgan Income ETF by 131.0% during the fourth quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock valued at $48,776,000 after acquiring an additional 597,595 shares during the last quarter.

JPMorgan Income ETF Price Performance

JPMorgan Income ETF stock opened at $45.85 on Thursday. The company’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $46.17. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 year 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.