JPMorgan Income ETF $JPIE Stock: Focus Financial Network Inc. Reduces Stake

Focus Financial Network Inc. decreased its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,465 shares of the company’s stock after selling 29,151 shares during the period. Focus Financial Network Inc. owned about 0.06% of JPMorgan Income ETF worth $6,709,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Enclave Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 13.7% in the 3rd quarter. Enclave Advisors LLC now owns 1,092,579 shares of the company’s stock valued at $49,046,000 after purchasing an additional 132,068 shares during the last quarter. XY Planning Network Inc. increased its holdings in JPMorgan Income ETF by 62.9% during the 3rd quarter. XY Planning Network Inc. now owns 12,973 shares of the company’s stock worth $582,000 after purchasing an additional 5,011 shares in the last quarter. Lighthouse Wealth Management Inc. increased its holdings in JPMorgan Income ETF by 20.2% during the 3rd quarter. Lighthouse Wealth Management Inc. now owns 5,336 shares of the company’s stock worth $240,000 after purchasing an additional 898 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in JPMorgan Income ETF by 181.8% during the 3rd quarter. Salem Investment Counselors Inc. now owns 32,411 shares of the company’s stock worth $1,455,000 after purchasing an additional 20,911 shares in the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of JPMorgan Income ETF by 3.4% in the third quarter. Krilogy Financial LLC now owns 257,229 shares of the company’s stock valued at $11,526,000 after purchasing an additional 8,455 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $44.80 on Wednesday. JPMorgan Income ETF has a 1-year low of $44.58 and a 1-year high of $46.61. The stock’s fifty day simple moving average is $45.43 and its two-hundred day simple moving average is $45.78.

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.