JPMorgan Income ETF $JPIE Shares Sold by Echo Wealth Management LLC

Echo Wealth Management LLC reduced its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,704 shares of the company’s stock after selling 86,503 shares during the period. JPMorgan Income ETF makes up approximately 11.3% of Echo Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Echo Wealth Management LLC owned 0.26% of JPMorgan Income ETF worth $19,336,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in JPMorgan Income ETF during the third quarter valued at approximately $33,000. ESL Trust Services LLC acquired a new position in JPMorgan Income ETF during the third quarter valued at approximately $35,000. Central Pacific Bank Trust Division acquired a new position in JPMorgan Income ETF during the fourth quarter valued at approximately $35,000. Total Investment Management Inc. acquired a new position in JPMorgan Income ETF during the second quarter valued at approximately $37,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of JPMorgan Income ETF by 95.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after buying an additional 429 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.3%

Shares of NYSEARCA:JPIE opened at $46.07 on Thursday. The company has a fifty day moving average of $46.24 and a 200-day moving average of $46.31. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.61.

JPMorgan Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2082 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, March 2nd.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.