JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) 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. The stock had previously closed at $45.84.
JPMorgan Income ETF Stock Down 0.5%
The stock’s 50 day moving average is $45.87 and its two-hundred day moving average is $46.02.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank acquired a new stake in JPMorgan Income ETF in the 4th quarter valued at $26,000. Rice Partnership LLC acquired a new position in shares of JPMorgan Income ETF during the first quarter worth $30,000. Imprint Wealth LLC purchased a new position in JPMorgan Income ETF in the third quarter valued at $33,000. Torren Management LLC acquired a new stake in JPMorgan Income ETF in the first quarter valued at $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Income ETF during the 4th quarter worth about $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.
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