JPMorgan Income ETF (NYSEARCA:JPIE) Sees Strong Trading Volume – What’s Next?

JPMorgan Income ETF (NYSEARCA:JPIE) shares saw an uptick in trading volume on Monday . 728,147 shares changed hands during trading, an increase of 85% from the previous session’s volume of 393,455 shares.The stock last traded at $45.65 and had previously closed at $45.65.

JPMorgan Income ETF Stock Performance

The business’s 50 day moving average is $45.78 and its two-hundred day moving average is $45.83.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JPIE. Transform Wealth LLC grew its stake in shares of JPMorgan Income ETF by 4.7% in the 3rd quarter. Transform Wealth LLC now owns 5,148 shares of the company’s stock valued at $239,000 after buying an additional 231 shares during the period. LGT Financial Advisors LLC grew its stake in JPMorgan Income ETF by 75.4% in the third quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock valued at $47,000 after acquiring an additional 438 shares during the period. Opes Wealth Management LLC increased its holdings in shares of JPMorgan Income ETF by 5.1% during the third quarter. Opes Wealth Management LLC now owns 9,382 shares of the company’s stock valued at $435,000 after acquiring an additional 452 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of JPMorgan Income ETF by 8.5% during the third quarter. D.A. Davidson & CO. now owns 6,350 shares of the company’s stock worth $295,000 after purchasing an additional 500 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of JPMorgan Income ETF in the 2nd quarter worth $26,000.

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.