JPMorgan Income ETF (NYSEARCA:JPIE) Hits New 12-Month Low – Should You Sell?

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.23 and last traded at $45.27, with a volume of 3194924 shares trading hands. The stock had previously closed at $45.26.

JPMorgan Income ETF Trading Down 0.5%

The firm has a fifty day moving average of $45.70 and a 200 day moving average of $45.90.

Institutional Trading of JPMorgan Income ETF

Several large investors have recently bought and sold shares of JPIE. Huntington National Bank purchased a new position in shares of JPMorgan Income ETF in the fourth quarter valued at $26,000. Rice Partnership LLC purchased a new stake in JPMorgan Income ETF during the 1st quarter worth $30,000. Torren Management LLC acquired a new position in JPMorgan Income ETF in the 1st quarter worth $34,000. MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF in the 4th quarter worth $35,000. Finally, GHP Investment Advisors Inc. boosted its position in JPMorgan Income ETF by 102.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 1,010 shares of the company’s stock valued at $47,000 after buying an additional 510 shares during the last quarter.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.