Montecito Bank & Trust Acquires New Stake in JPMorgan Income ETF $JPIE

Montecito Bank & Trust bought a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95,261 shares of the company’s stock, valued at approximately $4,276,000.

Several other institutional investors and hedge funds have also modified their holdings of JPIE. Rockefeller Capital Management L.P. grew its position in JPMorgan Income ETF by 1,680.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after acquiring an additional 1,068,410 shares during the last quarter. Arkadios Wealth Advisors raised its position in JPMorgan Income ETF by 301.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after purchasing an additional 903,176 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after purchasing an additional 791,361 shares in the last quarter. Resonant Capital Advisors LLC acquired a new position in JPMorgan Income ETF in the first quarter worth $24,987,000. Finally, True North Advisors LLC bought a new stake in shares of JPMorgan Income ETF during the first quarter worth $23,938,000.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE traded down $0.18 during midday trading on Thursday, reaching $44.71. The company’s stock had a trading volume of 2,654,717 shares, compared to its average volume of 1,493,011. JPMorgan Income ETF has a fifty-two week low of $44.58 and a fifty-two week high of $46.61. The business’s fifty day simple moving average is $45.61 and its 200-day simple moving average is $45.86.

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.