ADG Wealth Management Group LLC Makes New Investment in JPMorgan Income ETF (NYSEARCA:JPIE)

ADG Wealth Management Group LLC bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,429 shares of the company’s stock, valued at approximately $202,000. JPMorgan Income ETF comprises about 0.2% of ADG Wealth Management Group LLC’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its holdings in JPMorgan Income ETF by 36.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 18,294 shares of the company’s stock worth $835,000 after acquiring an additional 4,894 shares during the last quarter. Schneider Downs Wealth Management Advisors LP grew its holdings in JPMorgan Income ETF by 22.3% during the 4th quarter. Schneider Downs Wealth Management Advisors LP now owns 179,657 shares of the company’s stock worth $8,196,000 after acquiring an additional 32,741 shares during the last quarter. Lineweaver Wealth Advisors LLC bought a new stake in JPMorgan Income ETF during the 4th quarter worth approximately $14,195,000. Convergence Financial LLC grew its holdings in JPMorgan Income ETF by 17.3% during the 4th quarter. Convergence Financial LLC now owns 11,934 shares of the company’s stock worth $544,000 after acquiring an additional 1,764 shares during the last quarter. Finally, NewEdge Wealth LLC grew its holdings in JPMorgan Income ETF by 1.9% during the 4th quarter. NewEdge Wealth LLC now owns 307,759 shares of the company’s stock worth $14,040,000 after acquiring an additional 5,599 shares during the last quarter.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $46.18 on Friday. JPMorgan Income ETF has a 52-week low of $44.80 and a 52-week high of $46.43. The company’s 50 day moving average price is $45.81 and its 200-day moving average price is $45.90.

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.