Sovran Advisors LLC Has $5.54 Million Position in JPMorgan Income ETF $JPIE

Sovran Advisors LLC boosted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 141.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,439 shares of the company’s stock after acquiring an additional 69,944 shares during the period. Sovran Advisors LLC owned 0.07% of JPMorgan Income ETF worth $5,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Imprint Wealth LLC acquired a new position in shares of JPMorgan Income ETF in the third quarter valued at $33,000. ESL Trust Services LLC bought a new position in shares of JPMorgan Income ETF in the third quarter valued at about $35,000. Central Pacific Bank Trust Division acquired a new stake in shares of JPMorgan Income ETF during the 4th quarter worth about $35,000. Total Investment Management Inc. acquired a new stake in shares of JPMorgan Income ETF during the 2nd quarter worth about $37,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of JPMorgan Income ETF by 95.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock worth $41,000 after buying an additional 429 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of JPIE opened at $45.91 on Friday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.61. The firm’s 50-day simple moving average is $46.26 and its 200 day simple moving average is $46.32.

JPMorgan Income ETF Increases Dividend

The company also recently disclosed 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 is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, March 2nd.

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.