Madrid Wealth Management LLC Purchases Shares of 33,146 JPMorgan Income ETF $JPIE

Madrid Wealth Management LLC acquired a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 33,146 shares of the company’s stock, valued at approximately $1,534,000. JPMorgan Income ETF makes up approximately 1.2% of Madrid Wealth Management LLC’s holdings, making the stock its 23rd largest position.

Other hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at about $33,000. ESL Trust Services LLC bought a new position in JPMorgan Income ETF during the third quarter valued at approximately $35,000. Central Pacific Bank Trust Division purchased a new position in shares of JPMorgan Income ETF during the fourth quarter worth approximately $35,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of JPMorgan Income ETF by 95.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after acquiring an additional 429 shares during the last quarter. Finally, GGM Financials LLC purchased a new stake in shares of JPMorgan Income ETF in the 3rd quarter valued at $43,000.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE opened at $46.14 on Friday. The company has a 50-day simple moving average of $46.16 and a two-hundred day simple moving average of $46.29. JPMorgan Income ETF has a 12-month low of $45.66 and a 12-month 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.