JPMorgan Income ETF $JPIE Shares Acquired by Southern Financial Group LLC

Southern Financial Group LLC boosted its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,349,253 shares of the company’s stock after buying an additional 41,516 shares during the period. JPMorgan Income ETF comprises about 17.4% of Southern Financial Group LLC’s portfolio, making the stock its 2nd biggest holding. Southern Financial Group LLC’s holdings in JPMorgan Income ETF were worth $62,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank bought a new position in JPMorgan Income ETF during the 4th quarter worth $26,000. Rice Partnership LLC acquired a new position in shares of JPMorgan Income ETF in the first quarter valued at about $30,000. Imprint Wealth LLC bought a new position in JPMorgan Income ETF during the third quarter worth about $33,000. Torren Management LLC bought a new position in JPMorgan Income ETF during the first quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in JPMorgan Income ETF in the 4th quarter worth about $35,000.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $45.84 on Monday. The firm has a 50-day moving average price of $45.92 and a two-hundred day moving average price of $46.10. JPMorgan Income ETF has a 12-month low of $45.73 and a 12-month 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.