Avantax Advisory Services Inc. lessened its holdings in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 41.7% during the 4th quarter, Holdings Channel reports. The firm owned 7,180 shares of the company’s stock after selling 5,144 shares during the quarter. Avantax Advisory Services Inc.’s holdings in JPMorgan Income ETF were worth $328,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 8.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,781,776 shares of the company’s stock valued at $81,285,000 after buying an additional 144,345 shares during the last quarter. PFG Advisors raised its holdings in JPMorgan Income ETF by 70.4% in the fourth quarter. PFG Advisors now owns 8,583 shares of the company’s stock valued at $392,000 after buying an additional 3,545 shares during the period. HighTower Advisors LLC raised its position in JPMorgan Income ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 12,704 shares of the company’s stock valued at $580,000 after purchasing an additional 248 shares during the period. Axis Wealth Partners LLC acquired a new position in JPMorgan Income ETF during the 4th quarter worth approximately $524,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of JPMorgan Income ETF by 81.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 100,466 shares of the company’s stock valued at $4,583,000 after purchasing an additional 44,972 shares during the period.
JPMorgan Income ETF Stock Up 0.0 %
Shares of NYSEARCA JPIE opened at $46.01 on Wednesday. JPMorgan Income ETF has a 1 year low of $44.80 and a 1 year high of $46.43. The stock’s 50-day simple moving average is $45.92 and its 200-day simple moving average 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.
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