Evolution Wealth Advisors LLC Sells 1,769 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

Evolution Wealth Advisors LLC trimmed its holdings in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 69,186 shares of the company’s stock after selling 1,769 shares during the period. Evolution Wealth Advisors LLC’s holdings in JPMorgan Income ETF were worth $3,156,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wagner Wealth Management LLC lifted its position in shares of JPMorgan Income ETF by 0.7% during the fourth quarter. Wagner Wealth Management LLC now owns 77,615 shares of the company’s stock valued at $3,540,000 after buying an additional 574 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter valued at about $668,000. Rainsberger Wealth Advisors Inc. purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter valued at about $7,125,000. MRA Advisory Group purchased a new stake in shares of JPMorgan Income ETF during the third quarter valued at about $3,882,000. Finally, SkyOak Wealth LLC purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter valued at about $2,316,000.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock traded up $0.07 during mid-day trading on Friday, hitting $44.96. 158,985 shares of the stock traded hands, compared to its average volume of 203,306. The stock’s fifty day moving average is $45.29 and its two-hundred day moving average is $45.04. JPMorgan Income ETF has a 52-week low of $43.72 and a 52-week high of $46.05.

JPMorgan Income ETF 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.