Paladin Advisory Group LLC Has $3.62 Million Stake in JPMorgan Income ETF (NYSEARCA:JPIE)

Paladin Advisory Group LLC trimmed its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 79,248 shares of the company’s stock after selling 3,296 shares during the quarter. JPMorgan Income ETF accounts for about 2.8% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 9th biggest holding. Paladin Advisory Group LLC’s holdings in JPMorgan Income ETF were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPIE. Private Trust Co. NA purchased a new stake in shares of JPMorgan Income ETF in the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in JPMorgan Income ETF during the third quarter worth about $38,000. LGT Financial Advisors LLC increased its stake in JPMorgan Income ETF by 75.4% in the 3rd quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after acquiring an additional 438 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of 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 acquiring an additional 646 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of JPMorgan Income ETF during the third quarter worth about $65,000.

JPMorgan Income ETF Price Performance

JPIE stock opened at $45.98 on Wednesday. The firm has a 50 day simple moving average of $45.78 and a two-hundred day simple moving average of $45.87. JPMorgan Income ETF has a one year low of $44.80 and a one 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.