Founders Financial Securities LLC Makes New $7.24 Million Investment in JPMorgan Income ETF $JPIE

Founders Financial Securities LLC bought a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 155,899 shares of the company’s stock, valued at approximately $7,235,000. Founders Financial Securities LLC owned 0.13% of JPMorgan Income ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Parkworth Wealth Management Inc. bought a new position in shares of JPMorgan Income ETF in the second quarter worth $29,000. Total Investment Management Inc. acquired a new stake in JPMorgan Income ETF during the second quarter worth about $37,000. Twin Peaks Wealth Advisors LLC bought a new position in JPMorgan Income ETF in the 2nd quarter valued at about $62,000. Newbridge Financial Services Group Inc. increased its holdings in JPMorgan Income ETF by 43.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $69,000 after buying an additional 452 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Income ETF by 26.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after buying an additional 343 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $46.43 on Wednesday. The company has a 50 day moving average of $46.33 and a 200-day moving average of $46.28. JPMorgan Income ETF has a 1-year low of $45.01 and a 1-year high of $46.57.

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.