Element Wealth LLC Makes New Investment in JPMorgan Income ETF (NYSEARCA:JPIE)

Element Wealth LLC purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the 4th quarter, HoldingsChannel reports. The firm purchased 18,692 shares of the company’s stock, valued at approximately $853,000.

A number of other institutional investors have also made changes to their positions in JPIE. Indie Asset Partners LLC boosted its stake in JPMorgan Income ETF by 6.7% during the 4th quarter. Indie Asset Partners LLC now owns 28,085 shares of the company’s stock valued at $1,281,000 after purchasing an additional 1,762 shares during the period. Peoples Bank OH boosted its position in shares of JPMorgan Income ETF by 2.4% in the fourth quarter. Peoples Bank OH now owns 49,923 shares of the company’s stock valued at $2,277,000 after acquiring an additional 1,174 shares during the period. FMA Wealth Management LLC grew its stake in shares of JPMorgan Income ETF by 1.3% in the fourth quarter. FMA Wealth Management LLC now owns 245,293 shares of the company’s stock worth $11,190,000 after acquiring an additional 3,071 shares during the last quarter. Private Advisor Group LLC increased its position in JPMorgan Income ETF by 17.0% during the fourth quarter. Private Advisor Group LLC now owns 247,577 shares of the company’s stock worth $11,295,000 after acquiring an additional 35,968 shares during the period. Finally, Global Retirement Partners LLC raised its stake in JPMorgan Income ETF by 17.6% during the 4th quarter. Global Retirement Partners LLC now owns 5,945 shares of the company’s stock valued at $271,000 after purchasing an additional 890 shares during the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE opened at $45.95 on Friday. The company’s fifty day moving average is $45.79 and its two-hundred day moving average is $45.89. JPMorgan Income ETF has a 52-week low of $44.80 and a 52-week high of $46.43.

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.