Penney Financial LLC Boosts Stock Holdings in JPMorgan Income ETF $JPIE

Penney Financial LLC grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 2,517.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,545 shares of the company’s stock after purchasing an additional 164,030 shares during the quarter. JPMorgan Income ETF makes up about 4.0% of Penney Financial LLC’s portfolio, making the stock its 6th largest position. Penney Financial LLC owned 0.19% of JPMorgan Income ETF worth $7,900,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPIE. Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan Income ETF by 150.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 871,971 shares of the company’s stock valued at $40,172,000 after purchasing an additional 524,416 shares during the last quarter. Williams Financial LLC acquired a new position in shares of JPMorgan Income ETF during the 1st quarter valued at $18,353,000. Sequoia Financial Advisors LLC lifted its position in shares of JPMorgan Income ETF by 21.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,159,182 shares of the company’s stock valued at $99,474,000 after acquiring an additional 377,406 shares during the period. Obsidian Personal Planning Solutions LLC acquired a new position in shares of JPMorgan Income ETF during the 1st quarter valued at $12,841,000. Finally, Cary Street Partners Financial LLC lifted its position in shares of JPMorgan Income ETF by 43.1% during the 1st quarter. Cary Street Partners Financial LLC now owns 890,293 shares of the company’s stock valued at $41,016,000 after acquiring an additional 268,092 shares during the period.

JPMorgan Income ETF Trading Down 0.1%

JPMorgan Income ETF stock opened at $46.22 on Wednesday. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.57. The firm’s fifty day moving average is $46.37 and its 200 day moving average is $46.05.

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.