JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.77 and last traded at $45.77, with a volume of 1789132 shares. The stock had previously closed at $45.87.
JPMorgan Income ETF Trading Down 0.2%
The business has a 50-day moving average price of $45.96 and a 200 day moving average price of $46.16.
Hedge Funds Weigh In On JPMorgan Income ETF
Several institutional investors have recently bought and sold shares of JPIE. Hudson Value Partners LLC increased its holdings in shares of JPMorgan Income ETF by 4.7% in the 2nd quarter. Hudson Value Partners LLC now owns 15,324 shares of the company’s stock worth $706,000 after buying an additional 689 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in shares of JPMorgan Income ETF by 383.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 32,541 shares of the company’s stock valued at $1,499,000 after acquiring an additional 25,810 shares during the last quarter. Leverty Financial Group LLC bought a new position in shares of JPMorgan Income ETF in the 2nd quarter valued at about $10,330,000. William Mack & Associates Inc. grew its position in JPMorgan Income ETF by 82.9% in the second quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock worth $2,324,000 after acquiring an additional 22,882 shares in the last quarter. Finally, Scott Capital Advisors LLC grew its position in JPMorgan Income ETF by 4.5% in the second quarter. Scott Capital Advisors LLC now owns 597,811 shares of the company’s stock worth $27,529,000 after acquiring an additional 25,776 shares in 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.
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