5T Wealth LLC Has $1.51 Million Stake in JPMorgan Income ETF $JPIE

5T Wealth LLC trimmed its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,523 shares of the company’s stock after selling 8,512 shares during the period. 5T Wealth LLC’s holdings in JPMorgan Income ETF were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of JPMorgan Income ETF by 1.3% in the first quarter. JPMorgan Chase & Co. now owns 5,067,492 shares of the company’s stock valued at $233,459,000 after buying an additional 66,672 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 24.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,695,517 shares of the company’s stock valued at $124,856,000 after buying an additional 536,335 shares in the last quarter. 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 in the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Income ETF by 4.2% in the first quarter. Royal Bank of Canada now owns 1,961,739 shares of the company’s stock valued at $90,377,000 after buying an additional 78,820 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in JPMorgan Income ETF by 83.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,598,821 shares of the company’s stock valued at $74,057,000 after purchasing an additional 726,850 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE opened at $46.41 on Friday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57. The firm has a 50 day simple moving average of $46.40 and a two-hundred day simple moving average of $46.14.

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.