TBH Global Asset Management LLC Has $2.84 Million Stock Position in JPMorgan Income ETF (NYSEARCA:JPIE)

TBH Global Asset Management LLC cut its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 45.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,957 shares of the company’s stock after selling 49,883 shares during the period. JPMorgan Income ETF accounts for about 0.7% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. TBH Global Asset Management LLC owned 0.21% of JPMorgan Income ETF worth $2,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at $35,000. Private Trust Co. NA bought a new stake in JPMorgan Income ETF during the 3rd quarter worth about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in JPMorgan Income ETF in the 3rd quarter valued at about $38,000. LGT Financial Advisors LLC raised 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 worth $47,000 after acquiring an additional 438 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of JPMorgan Income ETF by 33.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock worth $47,000 after purchasing an additional 260 shares in the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock opened at $45.90 on Thursday. The firm has a 50 day simple moving average of $45.78 and a 200 day simple moving average of $45.89. JPMorgan Income ETF has a fifty-two week low of $44.80 and a fifty-two week 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.