Royal Bank of Canada Raises Position in JPMorgan Income ETF $JPIE

Royal Bank of Canada increased its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,287,927 shares of the company’s stock after buying an additional 123,329 shares during the quarter. Royal Bank of Canada owned about 1.21% of JPMorgan Income ETF worth $105,405,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of JPIE. Jones Financial Companies Lllp acquired a new position in JPMorgan Income ETF during the 1st quarter worth approximately $555,000. EverSource Wealth Advisors LLC grew its position in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares in the last quarter. NewEdge Advisors LLC grew its position in JPMorgan Income ETF by 13.9% in the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock valued at $6,948,000 after acquiring an additional 18,298 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of JPMorgan Income ETF by 21.1% during the second quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock valued at $32,929,000 after purchasing an additional 123,935 shares during the period. Finally, Vienna Asset Management LLC raised its stake in shares of JPMorgan Income ETF by 21.8% during the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock valued at $2,001,000 after purchasing an additional 7,735 shares during the period.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $45.84 on Friday. The company’s fifty day simple moving average is $45.92 and its 200-day simple moving average is $46.11. JPMorgan Income ETF has a 52 week low of $45.73 and a 52 week high of $46.61.

JPMorgan Income ETF Company 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.