JPMorgan Income ETF $JPIE Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,320 shares of the company’s stock after buying an additional 13,750 shares during the period. DAVENPORT & Co LLC owned about 0.08% of JPMorgan Income ETF worth $5,708,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. American Financial Advisors LLC lifted its stake in JPMorgan Income ETF by 1,427.5% during the third quarter. American Financial Advisors LLC now owns 257,284 shares of the company’s stock worth $11,941,000 after purchasing an additional 240,440 shares during the last quarter. MorganRosel Wealth Management LLC boosted its holdings in JPMorgan Income ETF by 22.5% in the third quarter. MorganRosel Wealth Management LLC now owns 147,741 shares of the company’s stock valued at $6,857,000 after purchasing an additional 27,107 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in JPMorgan Income ETF by 33.1% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 130,053 shares of the company’s stock valued at $6,036,000 after purchasing an additional 32,374 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in JPMorgan Income ETF by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 401,410 shares of the company’s stock valued at $18,629,000 after purchasing an additional 21,085 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in JPMorgan Income ETF by 142.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 48,519 shares of the company’s stock worth $2,252,000 after purchasing an additional 28,531 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE opened at $45.83 on Friday. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.61. The firm has a 50 day simple moving average of $46.31 and a 200-day simple moving average of $46.34.

JPMorgan Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.2082 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.5%. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20.

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.