NavPoint Financial Inc. Boosts Stake in JPMorgan Income ETF $JPIE

NavPoint Financial Inc. grew its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,900 shares of the company’s stock after acquiring an additional 38,124 shares during the period. JPMorgan Income ETF comprises about 9.3% of NavPoint Financial Inc.’s investment portfolio, making the stock its 2nd biggest position. NavPoint Financial Inc. owned about 0.27% of JPMorgan Income ETF worth $22,984,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley grew its position in shares of JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after purchasing an additional 1,393,857 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after purchasing an additional 1,068,410 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Income ETF by 21.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares during the period. Finally, Williams Financial LLC boosted its stake in JPMorgan Income ETF by 131.0% in the 4th quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock worth $48,776,000 after purchasing an additional 597,595 shares during the period.

JPMorgan Income ETF Stock Down 0.5%

Shares of JPIE opened at $45.84 on Thursday. JPMorgan Income ETF has a 1 year low of $45.77 and a 1 year high of $46.61. The company has a 50 day simple moving average of $46.00 and a two-hundred day simple moving average of $46.19.

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.