Beacon Bank & Trust Acquires 11,956 Shares of JPMorgan Income ETF $JPIE

Beacon Bank & Trust raised its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 12.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,930 shares of the company’s stock after buying an additional 11,956 shares during the quarter. JPMorgan Income ETF accounts for about 1.0% of Beacon Bank & Trust’s investment portfolio, making the stock its 26th largest position. Beacon Bank & Trust’s holdings in JPMorgan Income ETF were worth $4,924,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JPIE. Jones Financial Companies Lllp bought a new stake in shares of JPMorgan Income ETF in the first quarter valued at approximately $555,000. EverSource Wealth Advisors LLC increased its position in JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after acquiring an additional 343 shares during the period. NewEdge Advisors LLC increased its position in JPMorgan Income ETF by 13.9% during the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock worth $6,948,000 after acquiring an additional 18,298 shares during the period. Raymond James Financial Inc. raised its stake in JPMorgan Income ETF by 21.1% during the 2nd quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock valued at $32,929,000 after purchasing an additional 123,935 shares during the last quarter. Finally, Vienna Asset Management LLC raised its stake in JPMorgan Income ETF by 21.8% during the 2nd quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock valued at $2,001,000 after purchasing an additional 7,735 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $45.84 on Friday. JPMorgan Income ETF has a fifty-two week low of $45.65 and a fifty-two week high of $46.61. The firm has a fifty day moving average price of $45.90 and a two-hundred day moving average price of $46.08.

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.