NavPoint Financial Inc. Boosts Position in JPMorgan Income ETF $JPIE

NavPoint Financial Inc. grew its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,776 shares of the company’s stock after acquiring an additional 95,235 shares during the quarter. JPMorgan Income ETF comprises about 9.1% of NavPoint Financial Inc.’s investment portfolio, making the stock its 2nd largest holding. NavPoint Financial Inc. owned about 0.29% of JPMorgan Income ETF worth $21,329,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global View Capital Management LLC lifted its position in JPMorgan Income ETF by 3.3% in the 4th quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in JPMorgan Income ETF by 3.1% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after purchasing an additional 289 shares during the last quarter. Narus Financial Partners LLC increased its stake in shares of JPMorgan Income ETF by 0.6% in the third quarter. Narus Financial Partners LLC now owns 49,316 shares of the company’s stock valued at $2,289,000 after purchasing an additional 308 shares during the period. Cresset Asset Management LLC increased its stake in shares of JPMorgan Income ETF by 1.8% in the third quarter. Cresset Asset Management LLC now owns 18,050 shares of the company’s stock valued at $838,000 after purchasing an additional 323 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after buying an additional 343 shares during the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $45.91 on Monday. The stock has a 50 day simple moving average of $46.26 and a 200-day simple moving average of $46.32. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2082 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20.

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.