West Michigan Advisors LLC Takes $349,000 Position in JPMorgan Income ETF (NYSEARCA:JPIE)

West Michigan Advisors LLC purchased a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,622 shares of the company’s stock, valued at approximately $349,000.

Other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Income ETF during the 4th quarter valued at $35,000. Private Trust Co. NA purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $38,000. LGT Financial Advisors LLC lifted 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 buying an additional 438 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of JPMorgan Income ETF by 33.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock valued at $47,000 after buying an additional 260 shares during the last quarter.

JPMorgan Income ETF Stock Up 0.1 %

Shares of NYSEARCA JPIE opened at $46.18 on Friday. The business’s fifty day moving average price is $45.81 and its 200-day moving average price is $45.90. JPMorgan Income ETF has a one year low of $44.80 and a one year high of $46.43.

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.