Gallacher Capital Management LLC Reduces Stock Holdings in JPMorgan Income ETF (NYSEARCA:JPIE)

Gallacher Capital Management LLC cut its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,644 shares of the company’s stock after selling 11,823 shares during the period. JPMorgan Income ETF makes up approximately 3.8% of Gallacher Capital Management LLC’s holdings, making the stock its 3rd biggest position. Gallacher Capital Management LLC’s holdings in JPMorgan Income ETF were worth $6,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPIE. Vestmark Advisory Solutions Inc. boosted its holdings in JPMorgan Income ETF by 12.2% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 264,870 shares of the company’s stock valued at $12,081,000 after purchasing an additional 28,873 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in JPMorgan Income ETF by 215.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 81,244 shares of the company’s stock valued at $3,706,000 after buying an additional 55,450 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new stake in JPMorgan Income ETF in the fourth quarter valued at $1,736,000. Cary Street Partners Asset Management LLC raised its stake in JPMorgan Income ETF by 80.3% during the fourth quarter. Cary Street Partners Asset Management LLC now owns 100,760 shares of the company’s stock worth $4,596,000 after acquiring an additional 44,864 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of JPMorgan Income ETF by 669.0% during the fourth quarter. Savant Capital LLC now owns 180,135 shares of the company’s stock valued at $8,216,000 after acquiring an additional 156,709 shares during the period.

JPMorgan Income ETF Stock Up 0.2 %

Shares of JPIE traded up $0.11 during trading hours on Friday, hitting $45.16. The stock had a trading volume of 206,694 shares, compared to its average volume of 199,459. The company’s fifty day moving average is $45.23 and its two-hundred day moving average is $45.13. JPMorgan Income ETF has a 52 week low of $43.72 and a 52 week high of $46.05.

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.