Financial Advocates Investment Management Grows Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Financial Advocates Investment Management boosted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,884 shares of the company’s stock after buying an additional 3,649 shares during the quarter. Financial Advocates Investment Management owned 0.06% of JPMorgan Income ETF worth $783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Financial Gravity Asset Management Inc. bought a new position in shares of JPMorgan Income ETF during the 2nd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. boosted its position in JPMorgan Income ETF by 95.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 921 shares of the company’s stock worth $42,000 after purchasing an additional 449 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of JPMorgan Income ETF by 107.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,248 shares of the company’s stock valued at $58,000 after purchasing an additional 646 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of JPMorgan Income ETF by 63.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,456 shares of the company’s stock valued at $66,000 after purchasing an additional 566 shares during the period. Finally, Mascoma Wealth Management LLC increased its position in shares of JPMorgan Income ETF by 84.4% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,185 shares of the company’s stock valued at $99,000 after purchasing an additional 1,000 shares during the last quarter.

JPMorgan Income ETF Price Performance

JPIE opened at $45.60 on Friday. The company’s 50 day moving average is $46.09 and its 200 day moving average is $45.65. JPMorgan Income ETF has a 12-month low of $44.07 and a 12-month high of $46.43.

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.