JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as $44.94 and last traded at $44.9050, with a volume of 696296 shares. The stock had previously closed at $45.08.
JPMorgan Income ETF Stock Performance
The business has a fifty day simple moving average of $45.67 and a 200 day simple moving average of $45.88.
Hedge Funds Weigh In On JPMorgan Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 11.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after acquiring an additional 747,797 shares in the last quarter. Bank of America Corp DE lifted its stake in JPMorgan Income ETF by 16.5% during the 1st quarter. Bank of America Corp DE now owns 3,616,685 shares of the company’s stock valued at $166,621,000 after acquiring an additional 513,347 shares during the period. Waverly Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 7.1% in the second quarter. Waverly Advisors LLC now owns 2,667,808 shares of the company’s stock worth $122,853,000 after acquiring an additional 176,274 shares during the period. Envestnet Asset Management Inc. increased its holdings in JPMorgan Income ETF by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,634,836 shares of the company’s stock worth $121,334,000 after acquiring an additional 31,981 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in JPMorgan Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 2,287,927 shares of the company’s stock valued at $105,405,000 after buying an additional 123,329 shares in 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.
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