JPMorgan Income ETF (NYSEARCA:JPIE) Stock Crosses Above 50 Day Moving Average – Should You Sell?

JPMorgan Income ETF (NYSEARCA:JPIE)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $45.22 and traded as high as $45.27. JPMorgan Income ETF shares last traded at $45.25, with a volume of 1,524,857 shares traded.

JPMorgan Income ETF Stock Up 0.1%

The stock’s 50 day moving average is $45.22 and its 200 day moving average is $45.86.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Rice Partnership LLC purchased a new position in shares of JPMorgan Income ETF during the first quarter valued at approximately $30,000. MADDEN SECURITIES Corp purchased a new position in shares of JPMorgan Income ETF in the third quarter worth $31,000. Torren Management LLC bought a new stake in shares of JPMorgan Income ETF in the 1st quarter worth approximately $34,000. Kings Path Partners LLC purchased a new stake in JPMorgan Income ETF in the third quarter worth about $62,000. Finally, GK Wealth Management LLC purchased a new position in JPMorgan Income ETF during the 3rd quarter valued at about $67,000.

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.