JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $45.68 and last traded at $45.70, with a volume of 135080 shares changing hands. The stock had previously closed at $45.84.
JPMorgan Income ETF Trading Up 0.2%
The company’s fifty day moving average price is $45.92 and its 200 day moving average price is $46.09.
Hedge Funds Weigh In On JPMorgan Income ETF
Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new stake in shares of JPMorgan Income ETF during the 1st quarter worth $555,000. EverSource Wealth Advisors LLC raised its stake in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC lifted its position in JPMorgan Income ETF by 13.9% during the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock worth $6,948,000 after purchasing an additional 18,298 shares during the period. Raymond James Financial Inc. lifted its position in JPMorgan Income ETF by 21.1% during the second quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock worth $32,929,000 after purchasing an additional 123,935 shares during the period. Finally, Vienna Asset Management LLC grew its stake in JPMorgan Income ETF by 21.8% during the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock worth $2,001,000 after buying an additional 7,735 shares in the last quarter.
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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.
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