Seamount Financial Group Inc. Takes Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Seamount Financial Group Inc. acquired a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 27,710 shares of the company’s stock, valued at approximately $1,264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA purchased a new position in shares of JPMorgan Income ETF during the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in JPMorgan Income ETF in the 3rd quarter worth approximately $38,000. LGT Financial Advisors LLC increased its holdings in shares of JPMorgan Income ETF by 75.4% in the 3rd quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after buying an additional 438 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of JPMorgan Income ETF by 107.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,248 shares of the company’s stock valued at $58,000 after buying an additional 646 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth $65,000.

JPMorgan Income ETF Price Performance

JPIE opened at $45.81 on Friday. The business’s fifty day simple moving average is $45.79 and its 200 day simple moving average is $45.88. JPMorgan Income ETF has a 52 week low of $44.80 and a 52 week high of $46.43.

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.