JPMorgan Income ETF (NYSEARCA:JPIE) Reaches New 52-Week High at $46.17

JPMorgan Income ETF (NYSEARCA:JPIE) reached a new 52-week high on Friday . The company traded as high as $46.17 and last traded at $46.15, with a volume of 22303 shares traded. The stock had previously closed at $46.11.

JPMorgan Income ETF Stock Up 0.1 %

The stock’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $45.46.

Hedge Funds Weigh In On JPMorgan Income ETF

Several hedge funds have recently bought and sold shares of JPIE. Sequoia Financial Advisors LLC acquired a new position in JPMorgan Income ETF during the second quarter worth $70,005,000. Savant Capital LLC increased its position in JPMorgan Income ETF by 71.8% during the second quarter. Savant Capital LLC now owns 840,019 shares of the company’s stock worth $38,187,000 after buying an additional 351,055 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in JPMorgan Income ETF during the fourth quarter worth $10,115,000. Waverly Advisors LLC increased its position in JPMorgan Income ETF by 364.6% during the first quarter. Waverly Advisors LLC now owns 257,650 shares of the company’s stock worth $11,739,000 after buying an additional 202,193 shares during the last quarter. Finally, Diversified LLC increased its position in JPMorgan Income ETF by 50.6% during the first quarter. Diversified LLC now owns 579,962 shares of the company’s stock worth $26,423,000 after buying an additional 194,911 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.