JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 52-Week Low – Here’s Why

JPMorgan Income ETF (NYSEARCA:JPIE) shares hit a new 52-week low on Tuesday . The stock traded as low as $45.54 and last traded at $45.58, with a volume of 230652 shares trading hands. The stock had previously closed at $45.84.

JPMorgan Income ETF Trading Up 0.1%

The business’s 50 day moving average is $45.86 and its 200 day moving average is $46.01.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Huntington National Bank purchased a new position in JPMorgan Income ETF during the 4th quarter valued at $26,000. Rice Partnership LLC purchased a new stake in JPMorgan Income ETF in the first quarter worth $30,000. Imprint Wealth LLC bought a new stake in shares of JPMorgan Income ETF during the third quarter worth $33,000. Torren Management LLC bought a new stake in shares of JPMorgan Income ETF during the first quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter valued at $35,000.

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.