JPMorgan Income ETF (NYSEARCA:JPIE) Hits New 1-Year Low – Here’s What Happened

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) reached a new 52-week low on Tuesday . The company traded as low as $45.54 and last traded at $45.58, with a volume of 230652 shares. The stock had previously closed at $45.84.

JPMorgan Income ETF Trading Down 0.5%

The firm’s 50-day moving average price is $45.87 and its two-hundred day moving average price is $46.02.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank purchased a new position in shares of JPMorgan Income ETF during the fourth quarter worth about $26,000. Rice Partnership LLC purchased a new stake in shares of JPMorgan Income ETF in the 1st quarter valued at about $30,000. Imprint Wealth LLC purchased a new stake in shares of JPMorgan Income ETF in the 3rd quarter valued at about $33,000. Torren Management LLC acquired a new stake in shares of JPMorgan Income ETF in the 1st quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Income ETF in the 4th quarter valued at about $35,000.

About JPMorgan Income ETF

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.