JPMorgan Income ETF (NYSEARCA:JPIE) Sees Strong Trading Volume – Should You Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) shares saw strong trading volume on Monday . 728,147 shares traded hands during mid-day 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 Price Performance

The company’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 modified their holdings of JPIE. First Citizens Financial Corp grew its position in JPMorgan Income ETF by 12.1% in the 4th quarter. First Citizens Financial Corp now owns 44,515 shares of the company’s stock worth $2,031,000 after purchasing an additional 4,810 shares in the last quarter. Penney Financial LLC bought a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth $222,000. JPMorgan Chase & Co. grew its position in JPMorgan Income ETF by 142.3% during the third quarter. JPMorgan Chase & Co. now owns 4,929,890 shares of the company’s stock valued at $228,698,000 after buying an additional 2,894,852 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in JPMorgan Income ETF during the third quarter worth about $38,000. Finally, World Investment Advisors LLC boosted its stake in JPMorgan Income ETF by 42.3% in the third quarter. World Investment Advisors LLC now owns 13,041 shares of the company’s stock valued at $605,000 after acquiring an additional 3,879 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.