Marmo Financial Group LLC Has $4.23 Million Stock Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Marmo Financial Group LLC increased its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,611 shares of the company’s stock after buying an additional 3,328 shares during the quarter. JPMorgan Income ETF comprises approximately 2.3% of Marmo Financial Group LLC’s investment portfolio, making the stock its 11th biggest position. Marmo Financial Group LLC’s holdings in JPMorgan Income ETF were worth $4,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA acquired a new stake in JPMorgan Income ETF in the third quarter valued at about $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JPMorgan Income ETF during the third quarter worth $38,000. LGT Financial Advisors LLC increased its stake in shares of JPMorgan Income ETF by 75.4% in the third 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 period. CENTRAL TRUST Co increased its position in 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 purchasing an additional 646 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in JPMorgan Income ETF during the third quarter valued at $65,000.

JPMorgan Income ETF Price Performance

JPIE stock opened at $46.01 on Friday. JPMorgan Income ETF has a 1-year low of $44.80 and a 1-year high of $46.43. The stock has a 50-day moving average price of $45.79 and a 200-day moving average price of $45.88.

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.