Scott Capital Advisors LLC Has $25.66 Million Position in JPMorgan Income ETF $JPIE

Scott Capital Advisors LLC grew its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 41.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 555,231 shares of the company’s stock after purchasing an additional 161,615 shares during the period. JPMorgan Income ETF makes up approximately 5.8% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Scott Capital Advisors LLC owned 0.46% of JPMorgan Income ETF worth $25,657,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Hicks Capital Management LLC acquired a new stake in shares of JPMorgan Income ETF in the second quarter valued at approximately $533,000. Altus Wealth Management LLC increased its stake in JPMorgan Income ETF by 1.1% in the 2nd quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock valued at $1,862,000 after buying an additional 419 shares during the last quarter. Wagner Wealth Management LLC lifted its position in JPMorgan Income ETF by 3.6% during the 2nd quarter. Wagner Wealth Management LLC now owns 656,341 shares of the company’s stock worth $30,402,000 after buying an additional 22,587 shares in the last quarter. Montecito Bank & Trust acquired a new position in shares of JPMorgan Income ETF during the 3rd quarter worth about $2,762,000. Finally, Armor Investment Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 7.3% in the 2nd quarter. Armor Investment Advisors LLC now owns 160,511 shares of the company’s stock valued at $7,435,000 after acquiring an additional 10,960 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.1%

JPIE opened at $46.47 on Friday. The business’s 50-day simple moving average is $46.34 and its 200 day simple moving average is $46.28. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.57.

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.