JPMorgan Income ETF $JPIE Stock Sold by HBW Advisory Services LLC

HBW Advisory Services LLC reduced its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 47.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,802 shares of the company’s stock after selling 194,019 shares during the period. JPMorgan Income ETF accounts for about 0.9% of HBW Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest holding. HBW Advisory Services LLC’s holdings in JPMorgan Income ETF were worth $9,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Founders Financial Securities LLC lifted its holdings in shares of JPMorgan Income ETF by 9.8% in the 1st quarter. Founders Financial Securities LLC now owns 189,908 shares of the company’s stock worth $8,753,000 after purchasing an additional 16,893 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 11.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after purchasing an additional 747,797 shares during the period. William Mack & Associates Inc. boosted its position in JPMorgan Income ETF by 82.9% during the 2nd quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock valued at $2,324,000 after purchasing an additional 22,882 shares during the period. Montecito Bank & Trust boosted its position in JPMorgan Income ETF by 29.2% during the 1st quarter. Montecito Bank & Trust now owns 91,043 shares of the company’s stock valued at $4,194,000 after purchasing an additional 20,570 shares during the period. Finally, Kintra Wealth LLC grew its stake in JPMorgan Income ETF by 47.1% during the 2nd quarter. Kintra Wealth LLC now owns 848,974 shares of the company’s stock worth $38,951,000 after buying an additional 271,777 shares during the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE opened at $44.84 on Thursday. The stock has a fifty day moving average price of $45.41 and a 200 day moving average price of $45.77. JPMorgan Income ETF has a 12 month low of $44.58 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.