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

JPMorgan Income ETF (NYSEARCA:JPIE) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.58 and last traded at $45.93, with a volume of 2509 shares traded. The stock had previously closed at $45.94.

JPMorgan Income ETF Price Performance

The business has a 50-day moving average of $45.86 and a 200-day moving average of $45.91.

Institutional Trading of JPMorgan Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC increased its stake in JPMorgan Income ETF by 75.6% in the fourth quarter. Western Wealth Management LLC now owns 39,153 shares of the company’s stock worth $1,786,000 after purchasing an additional 16,850 shares during the period. Cornerstone Advisory LLC increased its stake in JPMorgan Income ETF by 425.6% in the fourth quarter. Cornerstone Advisory LLC now owns 491,865 shares of the company’s stock worth $22,577,000 after purchasing an additional 398,276 shares during the period. Continuum Advisory LLC increased its stake in JPMorgan Income ETF by 26.9% in the fourth quarter. Continuum Advisory LLC now owns 56,953 shares of the company’s stock worth $2,598,000 after purchasing an additional 12,088 shares during the period. Waverly Advisors LLC increased its stake in JPMorgan Income ETF by 147.5% in the fourth quarter. Waverly Advisors LLC now owns 987,428 shares of the company’s stock worth $45,046,000 after purchasing an additional 588,453 shares during the period. Finally, Vienna Asset Management LLC increased its stake in shares of JPMorgan Income ETF by 53.4% during the fourth quarter. Vienna Asset Management LLC now owns 41,163 shares of the company’s stock valued at $1,878,000 after buying an additional 14,335 shares during the period.

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.