Echo Wealth Management LLC Has $20.08 Million Stock Holdings in JPMorgan Income ETF (NYSEARCA:JPIE)

Echo Wealth Management LLC lifted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,061 shares of the company’s stock after acquiring an additional 5,719 shares during the quarter. JPMorgan Income ETF makes up approximately 13.9% of Echo Wealth Management LLC’s holdings, making the stock its largest holding. Echo Wealth Management LLC owned about 1.53% of JPMorgan Income ETF worth $20,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPIE. Stifel Financial Corp grew its holdings in shares of JPMorgan Income ETF by 27.9% during 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 grew its holdings in JPMorgan Income ETF by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 12,456 shares of the company’s stock worth $578,000 after acquiring an additional 1,947 shares during the last quarter. Envestnet Asset Management Inc. increased its position in JPMorgan Income ETF by 19.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 153,343 shares of the company’s stock valued at $6,971,000 after acquiring an additional 24,537 shares in the last quarter. Creative Planning acquired a new stake in JPMorgan Income ETF in the 2nd quarter valued at about $646,000. Finally, Planned Solutions Inc. raised its stake in shares of JPMorgan Income ETF by 3.8% in the third quarter. Planned Solutions Inc. now owns 313,172 shares of the company’s stock worth $14,528,000 after acquiring an additional 11,404 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.0 %

Shares of JPIE stock opened at $45.85 on Friday. The firm’s 50 day moving average is $45.77 and its 200-day moving average is $45.87. 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.