Shulman DeMeo Asset Management LLC Acquires New Stake in JPMorgan Income ETF $JPIE

Shulman DeMeo Asset Management LLC acquired a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,579 shares of the company’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp lifted its position in JPMorgan Income ETF by 9.1% in the first quarter. Archer Investment Corp now owns 3,577 shares of the company’s stock worth $165,000 after purchasing an additional 297 shares during the period. Beta Wealth Group Inc. increased its position in shares of JPMorgan Income ETF by 2.5% during the 4th quarter. Beta Wealth Group Inc. now owns 15,792 shares of the company’s stock valued at $731,000 after purchasing an additional 391 shares during the period. Walkner Condon Financial Advisors LLC raised its stake in shares of JPMorgan Income ETF by 7.4% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 5,643 shares of the company’s stock worth $260,000 after buying an additional 391 shares in the last quarter. Stephens Inc. AR raised its stake in shares of JPMorgan Income ETF by 6.1% in the 1st quarter. Stephens Inc. AR now owns 6,945 shares of the company’s stock worth $320,000 after buying an additional 400 shares in the last quarter. Finally, Blue Chip Partners LLC lifted its holdings in shares of JPMorgan Income ETF by 0.3% in the first quarter. Blue Chip Partners LLC now owns 147,558 shares of the company’s stock valued at $6,798,000 after buying an additional 494 shares during the period.

JPMorgan Income ETF Trading Down 0.1%

JPIE stock traded down $0.04 during trading hours on Friday, hitting $44.82. 1,049,256 shares of the stock traded hands, compared to its average volume of 1,513,855. The stock has a 50-day simple moving average of $45.49 and a 200 day simple moving average of $45.80. JPMorgan Income ETF has a one year low of $44.58 and a one year 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.