Overbrook Management Corp Makes New Investment in JPMorgan Income ETF $JPIE

Overbrook Management Corp acquired a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, Holdings Channel.com reports. The fund acquired 130,215 shares of the company’s stock, valued at approximately $5,845,000. JPMorgan Income ETF comprises about 0.9% of Overbrook Management Corp’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPIE. Farther Finance Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 10.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 364,915 shares of the company’s stock valued at $16,381,000 after buying an additional 35,752 shares in the last quarter. Apella Capital LLC bought a new position in JPMorgan Income ETF during the third quarter valued at approximately $23,509,000. Leverty Financial Group LLC boosted its stake in shares of JPMorgan Income ETF by 335.8% in the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock valued at $43,885,000 after purchasing an additional 753,292 shares in the last quarter. Peterson Wealth Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 6.8% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 442,990 shares of the company’s stock valued at $19,886,000 after purchasing an additional 28,356 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in shares of JPMorgan Income ETF by 5.4% during the 3rd quarter. Cooper Financial Group now owns 48,598 shares of the company’s stock valued at $2,182,000 after purchasing an additional 2,490 shares during the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE traded up $0.05 during trading hours on Thursday, reaching $44.86. The company’s stock had a trading volume of 2,220,591 shares, compared to its average volume of 1,516,263. The firm has a 50-day simple moving average of $45.51 and a 200-day simple moving average of $45.81. JPMorgan Income ETF has a 1 year low of $44.58 and a 1 year high of $46.61.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.