Raymond James Financial Inc. Takes Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Raymond James Financial Inc. acquired a new stake in JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 456,463 shares of the company’s stock, valued at approximately $20,824,000. Raymond James Financial Inc. owned about 1.58% of JPMorgan Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Income ETF in the fourth quarter valued at $35,000. Private Trust Co. NA bought a new position in shares of JPMorgan Income ETF in the third quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of JPMorgan Income ETF in the third quarter valued at $38,000. Newbridge Financial Services Group Inc. grew its stake in shares of JPMorgan Income ETF by 33.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock valued at $47,000 after buying an additional 260 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in JPMorgan Income ETF during the third quarter worth $65,000.

JPMorgan Income ETF Price Performance

JPIE stock opened at $45.93 on Monday. The company has a fifty day moving average price of $45.86 and a two-hundred day moving average price of $45.91. JPMorgan Income ETF has a one year low of $44.80 and a one year high of $46.43.

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.