Fortress Wealth Management Inc. Increases Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Fortress Wealth Management Inc. raised its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,794 shares of the company’s stock after purchasing an additional 29,273 shares during the period. JPMorgan Income ETF accounts for approximately 6.2% of Fortress Wealth Management Inc.’s holdings, making the stock its 5th biggest position. Fortress Wealth Management Inc.’s holdings in JPMorgan Income ETF were worth $12,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JPIE. Private Trust Co. NA bought a new position in JPMorgan Income ETF during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth approximately $38,000. LGT Financial Advisors LLC boosted its position in shares of JPMorgan Income ETF by 75.4% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock valued at $47,000 after acquiring an additional 438 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of JPMorgan Income ETF by 107.3% in the third quarter. CENTRAL TRUST Co now owns 1,248 shares of the company’s stock valued at $58,000 after purchasing an additional 646 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in JPMorgan Income ETF in the third quarter worth $65,000.

JPMorgan Income ETF Trading Up 0.2 %

JPIE stock opened at $45.92 on Tuesday. JPMorgan Income ETF has a 52 week low of $44.80 and a 52 week high of $46.43. The company has a fifty day simple moving average of $45.77 and a two-hundred day simple moving average of $45.87.

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.