Whitener Capital Management Inc. Makes New $2.01 Million Investment in JPMorgan Income ETF $JPIE

Whitener Capital Management Inc. purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, Holdings Channel.com reports. The fund purchased 44,823 shares of the company’s stock, valued at approximately $2,012,000.

A number of other large investors have also made changes to their positions in the stock. Rice Partnership LLC purchased a new stake in JPMorgan Income ETF during the first quarter worth about $30,000. Torren Management LLC acquired a new position in JPMorgan Income ETF during the first quarter worth about $34,000. GHP Investment Advisors Inc. increased its holdings in JPMorgan Income ETF by 102.0% in the first 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 in the last quarter. GK Wealth Management LLC purchased a new position in JPMorgan Income ETF in the third quarter valued at about $67,000. Finally, RMG Wealth Management LLC purchased a new position in JPMorgan Income ETF in the first quarter valued at about $93,000.

JPMorgan Income ETF Trading Up 0.2%

JPIE stock opened at $44.94 on Friday. The firm has a 50 day moving average of $45.39 and a 200-day moving average of $45.77. JPMorgan Income ETF has a 12-month low of $44.58 and a 12-month 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.