JPMorgan Income ETF (NYSEARCA:JPIE) Hits New 12-Month High – Here’s Why

JPMorgan Income ETF (NYSEARCA:JPIE) shares reached a new 52-week high on Thursday . The company traded as high as $46.57 and last traded at $46.5650, with a volume of 71722 shares. The stock had previously closed at $46.54.

JPMorgan Income ETF Stock Up 0.0%

The business’s 50 day moving average price is $46.42 and its 200-day moving average price is $46.38.

JPMorgan Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.2036 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of JPMorgan Income ETF

A number of hedge funds have recently made changes to their positions in the business. Huntington National Bank acquired a new stake in JPMorgan Income ETF during the 4th quarter valued at $26,000. Parkworth Wealth Management Inc. acquired a new position in shares of JPMorgan Income ETF during the 2nd quarter worth approximately $29,000. Imprint Wealth LLC acquired a new stake in JPMorgan Income ETF during the third quarter worth approximately $33,000. ESL Trust Services LLC bought a new position in JPMorgan Income ETF during the 3rd quarter worth $35,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF in the 4th quarter valued at $35,000.

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.