HighTower Advisors LLC Acquires 248 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

HighTower Advisors LLC increased its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,704 shares of the company’s stock after acquiring an additional 248 shares during the quarter. HighTower Advisors LLC’s holdings in JPMorgan Income ETF were worth $580,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JPIE. Stifel Financial Corp grew its holdings in shares of JPMorgan Income ETF by 27.9% in the third quarter. Stifel Financial Corp now owns 12,088 shares of the company’s stock worth $561,000 after purchasing an additional 2,634 shares during the last quarter. Lodestar Private Asset Management LLC grew its holdings in JPMorgan Income ETF by 14.9% in the 4th quarter. Lodestar Private Asset Management LLC now owns 222,475 shares of the company’s stock worth $10,149,000 after acquiring an additional 28,825 shares during the last quarter. MorganRosel Wealth Management LLC increased its position in shares of JPMorgan Income ETF by 2.9% in the fourth quarter. MorganRosel Wealth Management LLC now owns 58,245 shares of the company’s stock valued at $2,657,000 after acquiring an additional 1,657 shares during the period. MML Investors Services LLC raised its stake in shares of JPMorgan Income ETF by 10.9% during the third quarter. MML Investors Services LLC now owns 108,450 shares of the company’s stock valued at $5,031,000 after acquiring an additional 10,643 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter worth about $20,824,000.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $46.03 on Friday. JPMorgan Income ETF has a 1 year low of $44.80 and a 1 year high of $46.43. The business’s 50-day moving average is $45.94 and its 200 day 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.