JPMorgan Income ETF (NYSEARCA:JPIE) Sees Strong Trading Volume – Here’s Why

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) saw unusually-strong trading volume on Monday . Approximately 274,435 shares changed hands during trading, an increase of 4% from the previous session’s volume of 263,476 shares.The stock last traded at $45.72 and had previously closed at $45.75.

JPMorgan Income ETF Trading Down 0.5 %

The stock’s fifty day moving average is $45.82 and its two-hundred day moving average is $45.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JPIE. Heritage Financial Services LLC increased its stake in JPMorgan Income ETF by 4.9% during the 3rd quarter. Heritage Financial Services LLC now owns 2,366,448 shares of the company’s stock worth $109,780,000 after acquiring an additional 111,564 shares during the period. Sequoia Financial Advisors LLC grew its stake in JPMorgan Income ETF by 6.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,637,431 shares of the company’s stock worth $75,960,000 after buying an additional 97,513 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in JPMorgan Income ETF by 13.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 910,818 shares of the company’s stock valued at $42,253,000 after buying an additional 107,472 shares during the period. Syntegra Private Wealth Group LLC raised its position in shares of JPMorgan Income ETF by 16.6% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 883,099 shares of the company’s stock valued at $40,967,000 after buying an additional 125,592 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of JPMorgan Income ETF by 71.8% during the 2nd quarter. Savant Capital LLC now owns 840,019 shares of the company’s stock worth $38,187,000 after acquiring an additional 351,055 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.