Mount Yale Investment Advisors LLC Has $12.13 Million Stake in JPMorgan Income ETF (NYSEARCA:JPIE)

Mount Yale Investment Advisors LLC increased its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 266,769 shares of the company’s stock after purchasing an additional 9,848 shares during the quarter. JPMorgan Income ETF makes up approximately 1.0% of Mount Yale Investment Advisors LLC’s portfolio, making the stock its 11th largest position. Mount Yale Investment Advisors LLC owned about 0.93% of JPMorgan Income ETF worth $12,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPIE. Sequoia Financial Advisors LLC purchased a new stake in JPMorgan Income ETF in the 2nd quarter worth approximately $70,005,000. Savant Capital LLC boosted its position in JPMorgan Income ETF by 71.8% during the second quarter. Savant Capital LLC now owns 840,019 shares of the company’s stock valued at $38,187,000 after purchasing an additional 351,055 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in JPMorgan Income ETF in the fourth quarter valued at about $10,115,000. Waverly Advisors LLC increased its position in JPMorgan Income ETF by 364.6% in the 1st quarter. Waverly Advisors LLC now owns 257,650 shares of the company’s stock worth $11,739,000 after purchasing an additional 202,193 shares during the last quarter. Finally, Diversified LLC raised its stake in shares of JPMorgan Income ETF by 50.6% during the 1st quarter. Diversified LLC now owns 579,962 shares of the company’s stock worth $26,423,000 after purchasing an additional 194,911 shares in the last quarter.

JPMorgan Income ETF Stock Performance

Shares of JPMorgan Income ETF stock opened at $46.36 on Friday. The stock has a 50-day simple moving average of $45.91 and a 200-day simple moving average of $45.50. JPMorgan Income ETF has a 52-week low of $43.72 and a 52-week high of $46.36.

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.