Red Mountain Financial LLC Has $4.15 Million Stock Holdings in JPMorgan Income ETF (NYSEARCA:JPIE)

Red Mountain Financial LLC grew its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 10.8% during the third quarter, HoldingsChannel.com reports. The firm owned 89,370 shares of the company’s stock after acquiring an additional 8,692 shares during the quarter. JPMorgan Income ETF makes up about 4.4% of Red Mountain Financial LLC’s holdings, making the stock its 5th biggest holding. Red Mountain Financial LLC’s holdings in JPMorgan Income ETF were worth $4,146,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mount Yale Investment Advisors LLC lifted its position in JPMorgan Income ETF by 3.8% during the second quarter. Mount Yale Investment Advisors LLC now owns 266,769 shares of the company’s stock worth $12,127,000 after purchasing an additional 9,848 shares during the period. Cooper Financial Group lifted its holdings in shares of JPMorgan Income ETF by 21.8% during the 1st quarter. Cooper Financial Group now owns 27,736 shares of the company’s stock worth $1,264,000 after acquiring an additional 4,955 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of JPMorgan Income ETF by 43.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,133 shares of the company’s stock worth $1,006,000 after acquiring an additional 6,754 shares in the last quarter. Scott Capital Advisors LLC increased its stake in JPMorgan Income ETF by 15.8% in the first quarter. Scott Capital Advisors LLC now owns 333,930 shares of the company’s stock valued at $15,114,000 after acquiring an additional 45,518 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in JPMorgan Income ETF by 21.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,175 shares of the company’s stock valued at $1,645,000 after purchasing an additional 6,363 shares in the last quarter.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE opened at $45.97 on Friday. The business has a fifty day moving average price of $46.04 and a two-hundred day moving average price of $45.58. JPMorgan Income ETF has a fifty-two week low of $43.72 and a fifty-two week 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.