Magnus Financial Group LLC Acquires 11,606 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

Magnus Financial Group LLC grew its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,134 shares of the company’s stock after acquiring an additional 11,606 shares during the period. JPMorgan Income ETF accounts for 1.4% of Magnus Financial Group LLC’s portfolio, making the stock its 13th largest holding. Magnus Financial Group LLC owned 1.93% of JPMorgan Income ETF worth $10,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eudaimonia Advisors LLC increased its holdings in JPMorgan Income ETF by 2.2% in the 4th quarter. Eudaimonia Advisors LLC now owns 52,760 shares of the company’s stock worth $2,406,000 after acquiring an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in JPMorgan Income ETF by 0.7% in the 4th quarter. Wagner Wealth Management LLC now owns 77,615 shares of the company’s stock worth $3,540,000 after buying an additional 574 shares during the period. Rainsberger Wealth Advisors Inc. purchased a new stake in JPMorgan Income ETF in the 4th quarter worth $7,125,000. Patriot Financial Group Insurance Agency LLC bought a new stake in JPMorgan Income ETF during the fourth quarter valued at about $668,000. Finally, MRA Advisory Group purchased a new position in shares of JPMorgan Income ETF in the third quarter valued at about $3,882,000.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA:JPIE traded up $0.05 during trading on Friday, hitting $45.05. 156,588 shares of the company’s stock were exchanged, compared to its average volume of 199,616. The business’s 50-day simple moving average is $45.25 and its 200 day simple moving average is $45.09. JPMorgan Income ETF has a 52-week low of $43.72 and a 52-week high of $46.05.

JPMorgan Income ETF Company 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.