Larch Capital Partners LLC Takes $6.55 Million Position in JPMorgan Income ETF $JPIE

Larch Capital Partners LLC purchased a new position in JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 140,799 shares of the company’s stock, valued at approximately $6,548,000. JPMorgan Income ETF accounts for approximately 0.9% of Larch Capital Partners LLC’s investment portfolio, making the stock its 8th largest holding. Larch Capital Partners LLC owned about 0.08% of JPMorgan Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cambient Family Office LLC purchased a new position in JPMorgan Income ETF during the fourth quarter valued at approximately $151,000. Axxcess Wealth Management LLC raised its stake in JPMorgan Income ETF by 96.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 170,086 shares of the company’s stock worth $7,873,000 after buying an additional 83,484 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in JPMorgan Income ETF during the fourth quarter worth $766,000. Royal Harbor Partners LLC lifted its holdings in JPMorgan Income ETF by 2.8% during the fourth quarter. Royal Harbor Partners LLC now owns 193,138 shares of the company’s stock worth $8,940,000 after buying an additional 5,214 shares during the period. Finally, Blue Chip Partners LLC boosted its position in JPMorgan Income ETF by 1.5% during the 4th quarter. Blue Chip Partners LLC now owns 147,064 shares of the company’s stock valued at $6,808,000 after acquiring an additional 2,110 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $45.95 on Friday. JPMorgan Income ETF has a 12-month low of $45.77 and a 12-month high of $46.61. The business’s fifty day simple moving average is $46.03 and its 200-day simple moving average is $46.20.

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.