JPMorgan Income ETF $JPIE Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 28.5% during the 1st quarter, Holdings Channel reports. The firm owned 250,805 shares of the company’s stock after acquiring an additional 55,643 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Income ETF were worth $11,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Income ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after buying an additional 301,897 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after buying an additional 1,393,857 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of 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 valued at $294,089,000 after buying an additional 791,361 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after acquiring an additional 1,181,828 shares during the period. Finally, Heritage Financial Services LLC increased its position in shares of JPMorgan Income ETF by 23.6% in the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock valued at $131,863,000 after acquiring an additional 543,246 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock opened at $45.79 on Friday. The business has a fifty day moving average of $45.93 and a 200 day moving average of $46.12. JPMorgan Income ETF has a 1 year low of $45.73 and a 1 year high of $46.61.

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.