Cornerstone Advisory LLC Purchases 55,746 Shares of JPMorgan Income ETF $JPIE

Cornerstone Advisory LLC increased its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 688,590 shares of the company’s stock after purchasing an additional 55,746 shares during the quarter. JPMorgan Income ETF makes up 3.0% of Cornerstone Advisory LLC’s holdings, making the stock its 6th largest position. Cornerstone Advisory LLC’s holdings in JPMorgan Income ETF were worth $31,723,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank bought a new position in JPMorgan Income ETF during the fourth quarter worth about $26,000. Imprint Wealth LLC acquired a new position in JPMorgan Income ETF during the third quarter worth approximately $33,000. Torren Management LLC bought a new stake in JPMorgan Income ETF in the first quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. bought a new stake in JPMorgan Income ETF in the fourth quarter valued at approximately $35,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at approximately $35,000.

JPMorgan Income ETF Trading Up 0.2%

Shares of NYSEARCA JPIE opened at $45.86 on Wednesday. JPMorgan Income ETF has a 12 month low of $45.77 and a 12 month high of $46.61. The stock has a 50 day moving average of $45.95 and a 200-day moving average of $46.15.

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.