JPMorgan Income ETF $JPIE Shares Purchased by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. raised its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,266 shares of the company’s stock after purchasing an additional 31,782 shares during the quarter. JPMorgan Income ETF accounts for 3.3% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 6th largest holding. Beam Wealth Advisors Inc. owned approximately 0.13% of JPMorgan Income ETF worth $15,319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. StoneX Group Inc. bought a new position in shares of JPMorgan Income ETF during the 3rd quarter worth approximately $893,000. Birchwood Financial Partners Inc. boosted its stake in JPMorgan Income ETF by 1.6% in the 3rd quarter. Birchwood Financial Partners Inc. now owns 20,916 shares of the company’s stock valued at $939,000 after buying an additional 337 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in JPMorgan Income ETF by 36.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 537,286 shares of the company’s stock valued at $24,119,000 after buying an additional 144,913 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in JPMorgan Income ETF in the third quarter valued at $16,812,000. Finally, Ascent Group LLC grew its position in JPMorgan Income ETF by 15.6% in the third quarter. Ascent Group LLC now owns 9,964 shares of the company’s stock valued at $447,000 after acquiring an additional 1,344 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $45.18 on Friday. The business’s fifty day moving average price is $45.14 and its two-hundred day moving average price is $45.83. JPMorgan Income ETF has a fifty-two week low of $44.58 and a fifty-two week high of $46.61.

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.