Tortoise Investment Management LLC Raises Stock Holdings in JPMorgan Income ETF $JPIE

Tortoise Investment Management LLC lifted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 1,349.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,732 shares of the company’s stock after acquiring an additional 74,232 shares during the period. Tortoise Investment Management LLC’s holdings in JPMorgan Income ETF were worth $3,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPIE. Sequoia Financial Advisors LLC boosted its holdings in shares of JPMorgan Income ETF by 11.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock worth $328,397,000 after purchasing an additional 747,797 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in JPMorgan Income ETF by 7.2% in the second quarter. Van Hulzen Asset Management LLC now owns 12,071 shares of the company’s stock valued at $556,000 after purchasing an additional 810 shares during the last quarter. Capital Analysts LLC lifted its position in JPMorgan Income ETF by 64.2% during the second quarter. Capital Analysts LLC now owns 45,494 shares of the company’s stock worth $2,095,000 after buying an additional 17,786 shares during the period. NorthRock Partners LLC lifted its position in JPMorgan Income ETF by 55.4% during the second quarter. NorthRock Partners LLC now owns 23,596 shares of the company’s stock worth $1,087,000 after buying an additional 8,416 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in JPMorgan Income ETF by 5.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 379,614 shares of the company’s stock worth $17,481,000 after buying an additional 20,858 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA:JPIE opened at $45.56 on Thursday. The stock’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $45.98. JPMorgan Income ETF has a 12-month low of $45.54 and a 12-month high of $46.61.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.