Raymond James & Associates Makes New Investment in JPMorgan Income ETF (NYSEARCA:JPIE)

Raymond James & Associates bought a new position in JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 51,191 shares of the company’s stock, valued at approximately $2,335,000.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in shares of JPMorgan Income ETF during the second quarter valued at $28,000. IFP Advisors Inc acquired a new position in shares of JPMorgan Income ETF during the second quarter valued at $30,000. UBS Group AG acquired a new position in shares of JPMorgan Income ETF during the first quarter valued at $32,000. Money Concepts Capital Corp increased its holdings in shares of JPMorgan Income ETF by 651.5% during the fourth quarter. Money Concepts Capital Corp now owns 977 shares of the company’s stock valued at $44,000 after purchasing an additional 847 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of JPMorgan Income ETF during the first quarter valued at $67,000.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $44.96 on Tuesday. JPMorgan Income ETF has a one year low of $43.72 and a one year high of $46.05. The stock’s fifty day moving average is $45.32 and its 200-day moving average is $45.04.

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.