Private Advisor Group LLC Buys 43,851 Shares of JPMorgan Income ETF $JPIE

Private Advisor Group LLC raised its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,002 shares of the company’s stock after buying an additional 43,851 shares during the period. Private Advisor Group LLC’s holdings in JPMorgan Income ETF were worth $15,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its position in shares of JPMorgan Income ETF by 3.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after acquiring an additional 289 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of JPMorgan Income ETF by 1.8% in the third quarter. Cresset Asset Management LLC now owns 18,050 shares of the company’s stock valued at $838,000 after purchasing an additional 323 shares during the period. EverSource Wealth Advisors LLC grew its stake in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after purchasing an additional 343 shares in the last quarter. Independent Wealth Network Inc. grew its stake in JPMorgan Income ETF by 2.6% in the third quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock worth $643,000 after purchasing an additional 346 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in JPMorgan Income ETF by 95.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after purchasing an additional 429 shares during the period.

JPMorgan Income ETF Stock Up 0.0%

Shares of NYSEARCA JPIE opened at $46.22 on Wednesday. The business has a fifty day simple moving average of $46.39 and a two-hundred day simple moving average of $46.38. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.61.

JPMorgan Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.2082 per share. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, March 2nd.

JPMorgan Income ETF 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.