Echo Wealth Management LLC Buys 78,505 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

Echo Wealth Management LLC lifted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 22.1% during the third quarter, Holdings Channel reports. The firm owned 434,342 shares of the company’s stock after purchasing an additional 78,505 shares during the quarter. JPMorgan Income ETF makes up approximately 13.9% of Echo Wealth Management LLC’s portfolio, making the stock its largest holding. Echo Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $19,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPIE. Financial Gravity Asset Management Inc. purchased a new position in shares of JPMorgan Income ETF in the second quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of JPMorgan Income ETF by 95.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 921 shares of the company’s stock worth $42,000 after buying an additional 449 shares during the period. EverSource Wealth Advisors LLC raised its position in JPMorgan Income ETF by 63.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,456 shares of the company’s stock valued at $66,000 after buying an additional 566 shares during the period. Mascoma Wealth Management LLC lifted its stake in JPMorgan Income ETF by 84.4% in the 2nd quarter. Mascoma Wealth Management LLC now owns 2,185 shares of the company’s stock worth $99,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Insight Wealth Partners LLC acquired a new stake in JPMorgan Income ETF during the 2nd quarter worth about $203,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE opened at $46.06 on Monday. JPMorgan Income ETF has a fifty-two week low of $43.74 and a fifty-two week high of $46.43. The stock’s 50-day moving average is $46.08 and its two-hundred day moving average is $45.60.

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.