JPMorgan Income ETF (NYSEARCA:JPIE) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $45.11 and traded as low as $44.92. JPMorgan Income ETF shares last traded at $45.04, with a volume of 3,671,207 shares.

JPMorgan Income ETF Trading Down 0.4%

The stock has a 50-day simple moving average of $45.11 and a 200 day simple moving average of $45.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rice Partnership LLC acquired a new stake in JPMorgan Income ETF in the 1st quarter valued at about $30,000. MADDEN SECURITIES Corp purchased a new position in JPMorgan Income ETF during the 3rd quarter valued at about $31,000. Kings Path Partners LLC purchased a new position in JPMorgan Income ETF during the 3rd quarter valued at about $62,000. GK Wealth Management LLC acquired a new position in JPMorgan Income ETF during the third quarter worth about $67,000. Finally, NFSG Corp raised its position in JPMorgan Income ETF by 141.4% during the third quarter. NFSG Corp now owns 1,859 shares of the company’s stock worth $83,000 after acquiring an additional 1,089 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.