Econ Financial Services Corp Increases Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Econ Financial Services Corp increased its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 53,389 shares of the company’s stock after acquiring an additional 597 shares during the quarter. JPMorgan Income ETF accounts for 1.5% of Econ Financial Services Corp’s portfolio, making the stock its 21st largest position. Econ Financial Services Corp’s holdings in JPMorgan Income ETF were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its holdings in JPMorgan Income ETF by 104.6% during the 4th quarter. CENTRAL TRUST Co now owns 673 shares of the company’s stock valued at $31,000 after acquiring an additional 344 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in JPMorgan Income ETF during the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC purchased a new position in JPMorgan Income ETF during the 4th quarter valued at about $36,000. JFS Wealth Advisors LLC increased its holdings in JPMorgan Income ETF by 12.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 4,200 shares of the company’s stock valued at $192,000 after acquiring an additional 450 shares in the last quarter. Finally, Indie Asset Partners LLC purchased a new position in JPMorgan Income ETF during the 4th quarter valued at about $205,000.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE traded up $0.01 during mid-day trading on Monday, hitting $45.76. 209,132 shares of the company’s stock traded hands, compared to its average volume of 209,641. The firm’s 50 day simple moving average is $45.42 and its 200 day simple moving average is $45.35. JPMorgan Income ETF has a 1 year low of $43.72 and a 1 year high of $45.88.

About JPMorgan Income ETF

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.