Herold Advisors Inc. Grows Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Herold Advisors Inc. grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,205 shares of the company’s stock after purchasing an additional 3,706 shares during the period. Herold Advisors Inc. owned about 0.34% of JPMorgan Income ETF worth $1,925,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in JPMorgan Income ETF in the 4th quarter valued at $26,836,000. Planned Solutions Inc. purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter worth about $13,495,000. Echo Wealth Management LLC purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter worth about $13,374,000. Scott Capital Advisors LLC increased its stake in shares of JPMorgan Income ETF by 610.9% during the fourth quarter. Scott Capital Advisors LLC now owns 288,412 shares of the company’s stock worth $13,154,000 after purchasing an additional 247,843 shares in the last quarter. Finally, Rainsberger Wealth Advisors Inc. purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter worth about $7,125,000.

JPMorgan Income ETF Price Performance

JPIE stock opened at $45.05 on Friday. The firm has a 50-day simple moving average of $45.25 and a 200-day simple moving average of $45.08. JPMorgan Income ETF has a 52 week low of $43.72 and a 52 week high of $46.05.

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.