PNC Financial Services Group Inc. Purchases 44,972 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

PNC Financial Services Group Inc. lifted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 81.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,466 shares of the company’s stock after buying an additional 44,972 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.35% of JPMorgan Income ETF worth $4,583,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Harbor Partners LLC lifted its stake in shares of JPMorgan Income ETF by 3.9% during the 4th quarter. Royal Harbor Partners LLC now owns 177,141 shares of the company’s stock worth $8,081,000 after purchasing an additional 6,631 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in JPMorgan Income ETF in the fourth quarter valued at about $20,824,000. Triad Wealth Partners LLC purchased a new stake in JPMorgan Income ETF in the fourth quarter valued at about $1,191,000. Resolute Wealth Strategies LLC raised its stake in JPMorgan Income ETF by 19.1% in the fourth quarter. Resolute Wealth Strategies LLC now owns 12,046 shares of the company’s stock valued at $550,000 after buying an additional 1,930 shares during the last quarter. Finally, Sage Rhino Capital LLC raised its stake in JPMorgan Income ETF by 39.0% in the fourth quarter. Sage Rhino Capital LLC now owns 47,696 shares of the company’s stock valued at $2,176,000 after buying an additional 13,384 shares during the last quarter.

JPMorgan Income ETF Stock Performance

JPMorgan Income ETF stock opened at $45.94 on Thursday. JPMorgan Income ETF has a one year low of $44.80 and a one year high of $46.43. The stock has a 50-day moving average of $45.85 and a two-hundred day moving average of $45.91.

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.