JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 52-Week Low – What’s Next?

JPMorgan Income ETF (NYSEARCA:JPIE)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $45.75 and last traded at $45.76, with a volume of 128676 shares changing hands. The stock had previously closed at $45.82.

JPMorgan Income ETF Price Performance

The firm has a 50-day moving average price of $45.93 and a two-hundred day moving average price of $46.12.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Income ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 7,731,323 shares of the company’s stock worth $357,883,000 after purchasing an additional 301,897 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after buying an additional 1,393,857 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after buying an additional 791,361 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of JPMorgan Income ETF by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after buying an additional 1,181,828 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of JPMorgan Income ETF by 16.5% in the first quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after buying an additional 513,347 shares during 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.