Northwestern Mutual Wealth Management Co. Grows Position in JPMorgan Income ETF $JPIE

Northwestern Mutual Wealth Management Co. increased its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 261.0% in the fourth quarter, HoldingsChannel reports. The firm owned 172,209 shares of the company’s stock after purchasing an additional 124,510 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Income ETF were worth $7,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisory LLC raised its stake in JPMorgan Income ETF by 6.2% during the third quarter. Cornerstone Advisory LLC now owns 597,558 shares of the company’s stock valued at $27,733,000 after buying an additional 35,122 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in JPMorgan Income ETF by 26.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 79,920 shares of the company’s stock valued at $3,699,000 after buying an additional 16,848 shares during the last quarter. Obsidian Personal Planning Solutions LLC raised its stake in JPMorgan Income ETF by 3.8% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 298,749 shares of the company’s stock valued at $13,865,000 after buying an additional 10,962 shares during the last quarter. Waterloo Capital L.P. raised its stake in JPMorgan Income ETF by 6.4% during the third quarter. Waterloo Capital L.P. now owns 180,804 shares of the company’s stock valued at $8,391,000 after buying an additional 10,885 shares during the last quarter. Finally, EPG Wealth Management LLC raised its stake in JPMorgan Income ETF by 10.1% during the fourth quarter. EPG Wealth Management LLC now owns 126,586 shares of the company’s stock valued at $5,860,000 after buying an additional 11,577 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPIE opened at $45.96 on Wednesday. The stock has a fifty day simple moving average of $46.03 and a two-hundred day simple moving average of $46.24. JPMorgan Income ETF has a 12-month low of $45.76 and a 12-month high of $46.61.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.