Cornerstone Advisory LLC Purchases 35,122 Shares of JPMorgan Income ETF $JPIE

Cornerstone Advisory LLC lifted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 597,558 shares of the company’s stock after purchasing an additional 35,122 shares during the quarter. JPMorgan Income ETF comprises approximately 2.7% of Cornerstone Advisory LLC’s holdings, making the stock its 8th largest holding. Cornerstone Advisory LLC owned approximately 0.47% of JPMorgan Income ETF worth $27,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkworth Wealth Management Inc. purchased a new position in shares of JPMorgan Income ETF in the 2nd quarter valued at $29,000. ESL Trust Services LLC acquired a new stake in shares of JPMorgan Income ETF in the third quarter valued at about $35,000. Total Investment Management Inc. acquired a new stake in JPMorgan Income ETF in the second quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB lifted its position 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 purchasing an additional 429 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan Income ETF in the second quarter valued at $62,000.

JPMorgan Income ETF Trading Up 0.1%

Shares of JPIE stock opened at $46.49 on Tuesday. The company’s fifty day moving average price is $46.38 and its two-hundred day moving average price is $46.36. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.57.

JPMorgan Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.2036 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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.