Concurrent Investment Advisors LLC Makes New Investment in JPMorgan Income ETF $JPIE

Concurrent Investment Advisors LLC bought a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,674 shares of the company’s stock, valued at approximately $635,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock valued at $317,321,000 after acquiring an additional 1,783,134 shares in the last quarter. Hilton Capital Management LLC bought a new stake in shares of JPMorgan Income ETF in the 2nd quarter worth about $44,037,000. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Income ETF by 83.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,598,821 shares of the company’s stock valued at $74,057,000 after purchasing an additional 726,850 shares in the last quarter. Savant Capital LLC raised its stake in shares of JPMorgan Income ETF by 28.5% in the 2nd quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock valued at $148,697,000 after purchasing an additional 712,653 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of JPMorgan Income ETF by 24.8% during the second quarter. Sequoia Financial Advisors LLC now owns 2,695,517 shares of the company’s stock worth $124,856,000 after purchasing an additional 536,335 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.0%

NYSEARCA:JPIE opened at $46.36 on Monday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57. The stock has a 50-day simple moving average of $46.35 and a 200 day simple moving average of $46.32.

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.