JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $45.75 and last traded at $45.76, with a volume of 128676 shares changing hands. The stock had previously closed at $45.82.
JPMorgan Income ETF Stock Down 0.2%
The company’s 50 day moving average price is $45.93 and its 200-day moving average price is $46.13.
Institutional Trading of JPMorgan Income ETF
A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in shares of JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after acquiring an additional 1,393,857 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of JPMorgan Income ETF by 45.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of JPMorgan Income ETF by 1,680.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after purchasing an additional 1,068,410 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of JPMorgan Income ETF by 301.2% during the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after purchasing an additional 903,176 shares during the last quarter.
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.
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