Penney Financial LLC Increases Stake in JPMorgan Income ETF (NYSEARCA:JPIE)

Penney Financial LLC raised its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,485 shares of the company’s stock after buying an additional 710 shares during the period. Penney Financial LLC’s holdings in JPMorgan Income ETF were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Transform Wealth LLC increased its holdings in JPMorgan Income ETF by 4.7% during the third quarter. Transform Wealth LLC now owns 5,148 shares of the company’s stock valued at $239,000 after buying an additional 231 shares during the last quarter. LGT Financial Advisors LLC increased its stake in shares of JPMorgan Income ETF by 75.4% in the third quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after purchasing an additional 438 shares in the last quarter. PFG Investments LLC increased its stake in shares of JPMorgan Income ETF by 2.0% in the fourth quarter. PFG Investments LLC now owns 22,948 shares of the company’s stock worth $1,047,000 after purchasing an additional 449 shares in the last quarter. Opes Wealth Management LLC increased its stake in shares of JPMorgan Income ETF by 5.1% in the third quarter. Opes Wealth Management LLC now owns 9,382 shares of the company’s stock worth $435,000 after purchasing an additional 452 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of JPMorgan Income ETF by 8.5% in the third quarter. D.A. Davidson & CO. now owns 6,350 shares of the company’s stock worth $295,000 after purchasing an additional 500 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of NYSEARCA JPIE opened at $45.99 on Friday. The firm has a fifty day moving average price of $45.78 and a 200-day moving average price of $45.87. JPMorgan Income ETF has a 1 year low of $44.80 and a 1 year high of $46.43.

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.