Advisory Alpha LLC Cuts Stock Holdings in JPMorgan Income ETF (NYSEARCA:JPIE)

Advisory Alpha LLC decreased its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,375 shares of the company’s stock after selling 2,207 shares during the period. Advisory Alpha LLC’s holdings in JPMorgan Income ETF were worth $291,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JPIE. Stifel Financial Corp boosted its position in JPMorgan Income ETF by 27.9% in the third quarter. Stifel Financial Corp now owns 12,088 shares of the company’s stock worth $561,000 after purchasing an additional 2,634 shares during the last quarter. HighTower Advisors LLC boosted its position in JPMorgan Income ETF by 18.5% in the third quarter. HighTower Advisors LLC now owns 12,456 shares of the company’s stock worth $578,000 after purchasing an additional 1,947 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in JPMorgan Income ETF by 19.0% in the second quarter. Envestnet Asset Management Inc. now owns 153,343 shares of the company’s stock worth $6,971,000 after purchasing an additional 24,537 shares during the last quarter. Creative Planning purchased a new position in JPMorgan Income ETF in the second quarter worth $646,000. Finally, Delta Investment Management LLC boosted its position in JPMorgan Income ETF by 7.3% in the second quarter. Delta Investment Management LLC now owns 20,998 shares of the company’s stock worth $955,000 after purchasing an additional 1,434 shares during the last quarter.

JPMorgan Income ETF Price Performance

JPIE stock opened at $45.83 on Friday. The stock’s fifty day simple moving average is $45.76 and its two-hundred day simple moving average is $45.86. JPMorgan Income ETF has a 1-year low of $44.80 and a 1-year high of $46.43.

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.