PFG Advisors Boosts Stake in JPMorgan Income ETF (NYSEARCA:JPIE)

PFG Advisors increased its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 70.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,583 shares of the company’s stock after buying an additional 3,545 shares during the period. PFG Advisors’ holdings in JPMorgan Income ETF were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. purchased a new stake in JPMorgan Income ETF during the third quarter valued at approximately $868,000. Oppenheimer & Co. Inc. raised its position in JPMorgan Income ETF by 168.0% during the third quarter. Oppenheimer & Co. Inc. now owns 13,400 shares of the company’s stock valued at $622,000 after purchasing an additional 8,400 shares during the period. Schneider Downs Wealth Management Advisors LP raised its position in JPMorgan Income ETF by 8.1% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 146,916 shares of the company’s stock valued at $6,815,000 after purchasing an additional 11,016 shares during the period. Prospera Financial Services Inc raised its holdings in shares of JPMorgan Income ETF by 1,361.7% in the third quarter. Prospera Financial Services Inc now owns 79,943 shares of the company’s stock worth $3,710,000 after buying an additional 74,474 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of JPMorgan Income ETF by 252.5% in the third quarter. PNC Financial Services Group Inc. now owns 55,494 shares of the company’s stock worth $2,574,000 after buying an additional 39,750 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $45.93 on Friday. The business’s 50 day moving average price is $45.86 and its 200-day moving average price is $45.91. JPMorgan Income ETF has a fifty-two week low of $44.80 and a fifty-two week 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.