Tortoise Investment Management LLC Acquires 168,391 Shares of JPMorgan Income ETF $JPIE

Tortoise Investment Management LLC raised its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 211.2% during the third quarter, Holdings Channel.com reports. The fund owned 248,123 shares of the company’s stock after purchasing an additional 168,391 shares during the period. Tortoise Investment Management LLC’s holdings in JPMorgan Income ETF were worth $11,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPIE. IFP Advisors Inc boosted its position in shares of JPMorgan Income ETF by 254.7% in the 3rd quarter. IFP Advisors Inc now owns 46,720 shares of the company’s stock worth $2,097,000 after purchasing an additional 33,549 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of JPMorgan Income ETF during the third quarter worth $16,812,000. Sequoia Financial Advisors LLC increased its holdings in JPMorgan Income ETF by 11.7% in the second 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 during the last quarter. William Mack & Associates Inc. increased its holdings in JPMorgan Income ETF by 82.9% in the second quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock valued at $2,324,000 after purchasing an additional 22,882 shares during the last quarter. Finally, Kintra Wealth LLC increased its holdings in JPMorgan Income ETF by 47.1% in the second quarter. Kintra Wealth LLC now owns 848,974 shares of the company’s stock valued at $38,951,000 after purchasing an additional 271,777 shares during the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $44.86 on Friday. JPMorgan Income ETF has a 1-year low of $44.58 and a 1-year high of $46.61. The business’s 50-day moving average price is $45.09 and its two-hundred day moving average price is $45.81.

JPMorgan Income ETF Company 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.