JPMorgan Income ETF $JPIE Shares Sold by Red Mountain Financial LLC

Red Mountain Financial LLC lessened its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,678 shares of the company’s stock after selling 21,422 shares during the period. JPMorgan Income ETF comprises 4.7% of Red Mountain Financial LLC’s portfolio, making the stock its 5th largest holding. Red Mountain Financial LLC’s holdings in JPMorgan Income ETF were worth $3,668,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its position in shares of JPMorgan Income ETF by 9.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 64,866 shares of the company’s stock valued at $3,005,000 after buying an additional 5,866 shares during the last quarter. Hudson Value Partners LLC acquired a new position in shares of JPMorgan Income ETF in the second quarter valued at approximately $220,000. Heritage Financial Services LLC raised its position in shares of JPMorgan Income ETF by 1.1% in the second quarter. Heritage Financial Services LLC now owns 2,205,824 shares of the company’s stock valued at $102,174,000 after buying an additional 23,079 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of JPMorgan Income ETF in the second quarter valued at approximately $121,000. Finally, PFG Investments LLC raised its position in shares of JPMorgan Income ETF by 26.0% in the second quarter. PFG Investments LLC now owns 31,577 shares of the company’s stock valued at $1,463,000 after buying an additional 6,511 shares during the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $46.26 on Friday. The firm has a 50 day simple moving average of $46.37 and a 200-day simple moving average of $46.05. JPMorgan Income ETF has a 1-year low of $45.01 and a 1-year high of $46.57.

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.