Entrust Financial LLC Buys New Position in JPMorgan Income ETF $JPIE

Entrust Financial LLC purchased a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 65,706 shares of the company’s stock, valued at approximately $2,950,000. JPMorgan Income ETF comprises approximately 1.4% of Entrust Financial LLC’s portfolio, making the stock its 18th largest position.

A number of other large investors have also bought and sold shares of the business. Sequoia Financial Advisors LLC increased its holdings 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 in the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock worth $166,621,000 after purchasing an additional 513,347 shares in the last quarter. Waverly Advisors LLC boosted its stake in JPMorgan Income ETF by 7.1% in the second quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock worth $122,853,000 after purchasing an additional 176,274 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in JPMorgan Income ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock worth $121,334,000 after purchasing an additional 31,981 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in JPMorgan Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock worth $105,405,000 after purchasing an additional 123,329 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock opened at $45.18 on Monday. The stock’s fifty day moving average is $45.14 and its 200-day moving average is $45.83. JPMorgan Income ETF has a 52 week low of $44.58 and a 52 week 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.