JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,287,307 shares changed hands during trading, an increase of 411% from the previous session’s volume of 251,949 shares.The stock last traded at $45.64 and had previously closed at $45.67.
JPMorgan Income ETF Price Performance
The stock has a 50-day simple moving average of $46.01 and a 200 day simple moving average of $45.70.
Hedge Funds Weigh In On JPMorgan Income ETF
Large investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC boosted its stake in JPMorgan Income ETF by 3.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 266,769 shares of the company’s stock valued at $12,127,000 after acquiring an additional 9,848 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of JPMorgan Income ETF by 43.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,133 shares of the company’s stock worth $1,006,000 after purchasing an additional 6,754 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of JPMorgan Income ETF by 21.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,175 shares of the company’s stock worth $1,645,000 after purchasing an additional 6,363 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of JPMorgan Income ETF during the second quarter worth $635,000. Finally, Envestnet Asset Management Inc. increased its holdings in JPMorgan Income ETF by 19.0% in the second quarter. Envestnet Asset Management Inc. now owns 153,343 shares of the company’s stock valued at $6,971,000 after purchasing an additional 24,537 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.
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