JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 1-Year High – Here’s Why

JPMorgan Income ETF (NYSEARCA:JPIEGet Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $46.58 and last traded at $46.50, with a volume of 434 shares. The stock had previously closed at $46.51.

JPMorgan Income ETF Stock Down 0.0%

The company has a fifty day moving average of $46.27 and a 200 day moving average of $46.01.

Institutional Trading of JPMorgan Income ETF

Several large investors have recently modified their holdings of JPIE. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock worth $317,321,000 after acquiring an additional 1,783,134 shares during the period. Hilton Capital Management LLC bought a new stake in shares of JPMorgan Income ETF in the second quarter worth $44,037,000. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Income ETF by 83.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,598,821 shares of the company’s stock worth $74,057,000 after acquiring an additional 726,850 shares during the period. Savant Capital LLC grew its holdings in shares of JPMorgan Income ETF by 28.5% in the second quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock worth $148,697,000 after acquiring an additional 712,653 shares during the period. Finally, Waverly Advisors LLC grew its holdings in shares of 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 acquiring an additional 588,453 shares during the period.

JPMorgan Income ETF Company Profile

(Get Free Report)

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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