JPMorgan Income ETF $JPIE Stock Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lessened its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 614,640 shares of the company’s stock after selling 27,637 shares during the quarter. JPMorgan Income ETF comprises about 2.4% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Lodestar Private Asset Management LLC’s holdings in JPMorgan Income ETF were worth $27,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in JPMorgan Income ETF by 301.2% in the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after buying an additional 903,176 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in JPMorgan Income ETF by 14.2% during the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after buying an additional 791,361 shares during the last quarter. Leverty Financial Group LLC grew its position in shares of JPMorgan Income ETF by 335.8% during the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock worth $43,885,000 after buying an additional 753,292 shares during the period. Resonant Capital Advisors LLC acquired a new position in shares of JPMorgan Income ETF during the 1st quarter worth about $24,987,000. Finally, Apella Capital LLC acquired a new position in shares of JPMorgan Income ETF during the 3rd quarter worth about $23,509,000.

JPMorgan Income ETF Stock Up 0.0%

Shares of JPIE stock opened at $45.11 on Wednesday. The stock has a 50-day moving average of $45.26 and a 200-day moving average of $45.88. JPMorgan Income ETF has a one year low of $44.58 and a one 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.