Axxcess Wealth Management LLC Trims Holdings in JPMorgan Income ETF (NYSEARCA:JPIE)

Axxcess Wealth Management LLC trimmed its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 9.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,583 shares of the company’s stock after selling 3,359 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in JPMorgan Income ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 12,704 shares of the company’s stock valued at $580,000 after purchasing an additional 248 shares in the last quarter. Confluence Wealth Services Inc. lifted its holdings in shares of JPMorgan Income ETF by 4.6% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,675 shares of the company’s stock worth $260,000 after acquiring an additional 251 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of JPMorgan Income ETF by 33.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock worth $47,000 after acquiring an additional 260 shares during the period. Legacy Financial Strategies LLC lifted its holdings in shares of JPMorgan Income ETF by 5.0% during the 4th quarter. Legacy Financial Strategies LLC now owns 6,920 shares of the company’s stock worth $316,000 after acquiring an additional 332 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of JPMorgan Income ETF by 0.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 56,815 shares of the company’s stock worth $2,592,000 after acquiring an additional 400 shares during the period.

JPMorgan Income ETF Trading Up 0.2 %

Shares of JPIE stock opened at $45.97 on Thursday. JPMorgan Income ETF has a 1-year low of $44.80 and a 1-year high of $46.43. The firm’s 50-day simple moving average is $45.88 and its 200-day simple moving average is $45.90.

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.