JPMorgan Income ETF (NYSEARCA:JPIE) Reaches New 1-Year Low – Time to Sell?

JPMorgan Income ETF (NYSEARCA:JPIE) shares hit a new 52-week low during trading on Thursday . The company traded as low as $45.48 and last traded at $45.4550, with a volume of 72227 shares traded. The stock had previously closed at $45.56.

JPMorgan Income ETF Trading Down 0.0%

The business’s 50 day simple moving average is $45.80 and its 200 day simple moving average is $45.97.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in JPMorgan Income ETF in the first quarter worth $555,000. EverSource Wealth Advisors LLC increased its position in JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of JPMorgan Income ETF by 13.9% in the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock valued at $6,948,000 after acquiring an additional 18,298 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Income ETF by 21.1% in the 2nd quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock worth $32,929,000 after acquiring an additional 123,935 shares during the last quarter. Finally, Vienna Asset Management LLC boosted its stake in shares of JPMorgan Income ETF by 21.8% during the 2nd quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock worth $2,001,000 after purchasing an additional 7,735 shares during the period.

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.