Raymond James Financial Inc. Purchases New Shares in JPMorgan Income ETF (NYSEARCA:JPIE)

Raymond James Financial Inc. purchased a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 456,463 shares of the company’s stock, valued at approximately $20,824,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of JPMorgan Income ETF by 142.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,929,890 shares of the company’s stock valued at $228,698,000 after purchasing an additional 2,894,852 shares during the last quarter. Savant Capital LLC increased its position in shares of JPMorgan Income ETF by 39.2% during the 4th quarter. Savant Capital LLC now owns 1,921,630 shares of the company’s stock valued at $87,665,000 after purchasing an additional 540,676 shares during the last quarter. Lineweaver Wealth Advisors LLC purchased a new stake in shares of JPMorgan Income ETF during the 4th quarter valued at $14,195,000. Planned Solutions Inc. increased its position in shares of JPMorgan Income ETF by 47.5% during the 4th quarter. Planned Solutions Inc. now owns 461,898 shares of the company’s stock valued at $21,072,000 after purchasing an additional 148,726 shares during the last quarter. Finally, BankPlus Wealth Management LLC purchased a new stake in shares of JPMorgan Income ETF during the 4th quarter valued at $6,355,000.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $45.93 on Monday. JPMorgan Income ETF has a 1 year low of $44.80 and a 1 year high of $46.43. The stock has a fifty day moving average price of $45.86 and a 200-day moving average price of $45.91.

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.