JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 52-Week Low – Here’s Why

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

JPMorgan Income ETF Stock Down 0.2%

The firm’s 50 day moving average price is $45.82 and its 200-day moving average price is $45.98.

Institutional Trading of JPMorgan Income ETF

Several institutional investors have recently added to or reduced their stakes in JPIE. Huntington National Bank purchased a new position in shares of JPMorgan Income ETF in the fourth quarter worth $26,000. Rice Partnership LLC purchased a new position in JPMorgan Income ETF in the 1st quarter worth about $30,000. Imprint Wealth LLC purchased a new position in JPMorgan Income ETF in the 3rd quarter worth about $33,000. Torren Management LLC bought a new position in JPMorgan Income ETF during the 1st quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in JPMorgan Income ETF during the 4th quarter valued at 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.