JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 1-Year Low – What’s Next?

JPMorgan Income ETF (NYSEARCA:JPIE)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.77 and last traded at $45.77, with a volume of 1789132 shares trading hands. The stock had previously closed at $45.87.

JPMorgan Income ETF Stock Down 0.2%

The stock has a fifty day moving average price of $45.96 and a 200 day moving average price of $46.16.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of JPMorgan Income ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after acquiring an additional 1,393,857 shares during the last quarter. Wells Fargo & Company MN raised its position in JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares during the period. Rockefeller Capital Management L.P. raised its position in JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after purchasing an additional 1,068,410 shares during the period. Sequoia Financial Advisors LLC lifted its stake in JPMorgan Income ETF by 21.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in JPMorgan Income ETF by 301.2% in the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after purchasing an additional 903,176 shares during the last quarter.

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.