Advisory Alpha LLC Trims Stock Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Advisory Alpha LLC reduced its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 64.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,989 shares of the company’s stock after selling 19,658 shares during the quarter. Advisory Alpha LLC’s holdings in JPMorgan Income ETF were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPIE. Financial Gravity Asset Management Inc. purchased a new position in JPMorgan Income ETF during the 2nd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. increased its position in JPMorgan Income ETF by 95.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 921 shares of the company’s stock valued at $42,000 after purchasing an additional 449 shares during the period. EverSource Wealth Advisors LLC increased its position in JPMorgan Income ETF by 63.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,456 shares of the company’s stock valued at $66,000 after purchasing an additional 566 shares during the period. Mascoma Wealth Management LLC increased its position in JPMorgan Income ETF by 84.4% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,185 shares of the company’s stock valued at $99,000 after purchasing an additional 1,000 shares during the period. Finally, Insight Wealth Partners LLC purchased a new position in JPMorgan Income ETF during the 2nd quarter valued at $203,000.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock opened at $46.25 on Wednesday. JPMorgan Income ETF has a 12 month low of $43.72 and a 12 month high of $46.43. The company’s fifty day moving average price is $45.99 and its 200-day moving average price is $45.54.

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.