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

JPMorgan Income ETF (NYSEARCA:JPIE)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $45.77 and last traded at $45.77, with a volume of 1789132 shares traded. The stock had previously closed at $45.87.

JPMorgan Income ETF Stock Up 0.2%

The stock has a 50 day simple moving average of $45.95 and a two-hundred day simple moving average of $46.15.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. EPG Wealth Management LLC grew its holdings in shares of JPMorgan Income ETF by 10.1% during the fourth quarter. EPG Wealth Management LLC now owns 126,586 shares of the company’s stock worth $5,860,000 after buying an additional 11,577 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of JPMorgan Income ETF by 26.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 79,920 shares of the company’s stock worth $3,699,000 after purchasing an additional 16,848 shares during the last quarter. Pennsylvania Capital Management Inc. ADV increased its stake in JPMorgan Income ETF by 4.4% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 453,100 shares of the company’s stock valued at $20,974,000 after purchasing an additional 19,208 shares during the last quarter. Choreo LLC boosted its stake in JPMorgan Income ETF by 2,878.1% in the 4th quarter. Choreo LLC now owns 164,988 shares of the company’s stock worth $7,675,000 after buying an additional 159,448 shares during the last quarter. Finally, Financial Futures Ltd Liability Co. increased its stake in shares of JPMorgan Income ETF by 27.7% during the 4th quarter. Financial Futures Ltd Liability Co. now owns 193,076 shares of the company’s stock valued at $8,937,000 after acquiring an additional 41,930 shares during the last quarter.

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.