Cornerstone Advisory LLC Boosts Stake in JPMorgan Income ETF $JPIE

Cornerstone Advisory LLC boosted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,844 shares of the company’s stock after acquiring an additional 35,286 shares during the quarter. JPMorgan Income ETF accounts for about 2.8% of Cornerstone Advisory LLC’s investment portfolio, making the stock its 8th biggest position. Cornerstone Advisory LLC owned about 0.38% of JPMorgan Income ETF worth $29,294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPIE. Jones Financial Companies Lllp bought a new stake in JPMorgan Income ETF in the first quarter valued at about $555,000. EverSource Wealth Advisors LLC increased its stake in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares during the period. NewEdge Advisors LLC increased its stake in JPMorgan Income ETF by 13.9% in the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock valued at $6,948,000 after acquiring an additional 18,298 shares during the period. Raymond James Financial Inc. increased its stake in JPMorgan Income ETF by 21.1% in the second quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock valued at $32,929,000 after acquiring an additional 123,935 shares during the period. Finally, Vienna Asset Management LLC increased its stake in JPMorgan Income ETF by 21.8% in the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock valued at $2,001,000 after acquiring an additional 7,735 shares during the period.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $46.17 on Friday. The company’s 50-day simple moving average is $46.19 and its 200 day simple moving average is $46.29. JPMorgan Income ETF has a twelve month low of $45.66 and a twelve 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.