M.E. Allison & CO. Inc. Raises Position in JPMorgan Income ETF $JPIE

M.E. Allison & CO. Inc. lifted its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 94.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,009 shares of the company’s stock after buying an additional 6,320 shares during the period. M.E. Allison & CO. Inc.’s holdings in JPMorgan Income ETF were worth $603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in JPMorgan Income ETF by 1.3% in the first quarter. JPMorgan Chase & Co. now owns 5,067,492 shares of the company’s stock valued at $233,459,000 after purchasing an additional 66,672 shares during the last quarter. Heritage Financial Services LLC boosted its holdings in JPMorgan Income ETF by 1.1% in the second quarter. Heritage Financial Services LLC now owns 2,205,824 shares of the company’s stock valued at $102,174,000 after purchasing an additional 23,079 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in JPMorgan Income ETF by 21.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,159,182 shares of the company’s stock valued at $99,474,000 after purchasing an additional 377,406 shares during the last quarter. Royal Bank of Canada boosted its holdings in JPMorgan Income ETF by 4.2% in the first quarter. Royal Bank of Canada now owns 1,961,739 shares of the company’s stock valued at $90,377,000 after purchasing an additional 78,820 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in JPMorgan Income ETF by 29.5% in the first quarter. Janney Montgomery Scott LLC now owns 1,140,924 shares of the company’s stock valued at $52,562,000 after purchasing an additional 259,606 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $46.19 on Monday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57. The stock has a 50-day moving average price of $46.37 and a 200 day moving average price of $46.06.

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.