Financial Management Professionals Inc. Sells 5,282 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

Financial Management Professionals Inc. lowered its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,302 shares of the company’s stock after selling 5,282 shares during the quarter. JPMorgan Income ETF makes up approximately 1.1% of Financial Management Professionals Inc.’s holdings, making the stock its 19th biggest holding. Financial Management Professionals Inc. owned about 0.68% of JPMorgan Income ETF worth $9,001,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in JPMorgan Income ETF during the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB acquired a new position in JPMorgan Income ETF during the 3rd quarter valued at about $38,000. LGT Financial Advisors LLC lifted its position in JPMorgan Income ETF by 75.4% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock valued at $47,000 after purchasing an additional 438 shares during the period. CENTRAL TRUST Co lifted its position in JPMorgan Income ETF by 107.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,248 shares of the company’s stock valued at $58,000 after purchasing an additional 646 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in JPMorgan Income ETF during the 3rd quarter valued at about $65,000.

JPMorgan Income ETF Stock Performance

JPMorgan Income ETF stock opened at $45.81 on Friday. The company’s 50-day moving average is $45.75 and its two-hundred day moving average is $45.85. JPMorgan Income ETF has a 1 year low of $44.80 and a 1 year high of $46.43.

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.