Fagan Associates Inc. Makes New Investment in JPMorgan Income ETF $JPIE

Fagan Associates Inc. bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 297,025 shares of the company’s stock, valued at approximately $13,333,000. JPMorgan Income ETF comprises approximately 1.5% of Fagan Associates Inc.’s investment portfolio, making the stock its 19th largest holding. Fagan Associates Inc. owned approximately 0.12% of JPMorgan Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rice Partnership LLC purchased a new stake in JPMorgan Income ETF in the first quarter valued at $30,000. Torren Management LLC purchased a new position in shares of JPMorgan Income ETF during the 1st quarter valued at about $34,000. GHP Investment Advisors Inc. raised its stake in shares of JPMorgan Income ETF by 102.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,010 shares of the company’s stock valued at $47,000 after buying an additional 510 shares during the last quarter. GK Wealth Management LLC purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at about $67,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of JPMorgan Income ETF in the fourth quarter worth about $81,000.

JPMorgan Income ETF Stock Down 0.0%

Shares of JPIE traded down $0.01 during mid-day trading on Tuesday, reaching $44.80. The company had a trading volume of 1,850,773 shares, compared to its average volume of 1,513,977. JPMorgan Income ETF has a 52-week low of $44.58 and a 52-week high of $46.61. The stock has a 50 day moving average of $45.45 and a two-hundred day moving average of $45.79.

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.