Benchmark Financial LLC Invests $1.99 Million in JPMorgan Income ETF $JPIE

Benchmark Financial LLC acquired a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 43,010 shares of the company’s stock, valued at approximately $1,991,000. JPMorgan Income ETF comprises approximately 2.0% of Benchmark Financial LLC’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also modified their holdings of JPIE. Sequoia Financial Advisors LLC raised its stake in JPMorgan Income ETF by 71.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after acquiring an additional 1,914,053 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in JPMorgan Income ETF by 52.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after acquiring an additional 839,269 shares in the last quarter. JPMorgan Chase & Co. raised its stake in JPMorgan Income ETF by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after acquiring an additional 578,800 shares in the last quarter. Vigilare Wealth Management acquired a new stake in JPMorgan Income ETF during the 4th quarter worth $20,737,000. Finally, Northland Securities Inc. acquired a new stake in JPMorgan Income ETF during the 4th quarter worth $19,257,000.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $46.26 on Monday. The company’s fifty day moving average price is $46.21 and its 200 day moving average price is $46.29. JPMorgan Income ETF has a 12 month low of $45.60 and a 12 month high of $46.61.

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.