JPMorgan Income ETF (NYSEARCA:JPIE) Reaches New 12-Month High – Should You Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) shares reached a new 52-week high on Thursday . The stock traded as high as $46.99 and last traded at $46.10, with a volume of 1622 shares. The stock had previously closed at $46.11.

JPMorgan Income ETF Stock Up 0.1 %

The firm’s fifty day moving average is $45.82 and its 200-day moving average is $45.91.

Institutional Investors Weigh In On JPMorgan Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in JPMorgan Income ETF by 1.4% in the 4th quarter. JPMorgan Chase & Co. now owns 5,000,820 shares of the company’s stock valued at $228,137,000 after purchasing an additional 70,930 shares during the period. Heritage Financial Services LLC lifted its stake in shares of JPMorgan Income ETF by 3.7% in the fourth quarter. Heritage Financial Services LLC now owns 2,454,191 shares of the company’s stock valued at $111,960,000 after buying an additional 87,743 shares in the last quarter. Savant Capital LLC grew its holdings in shares of JPMorgan Income ETF by 39.2% during the fourth quarter. Savant Capital LLC now owns 1,921,630 shares of the company’s stock valued at $87,665,000 after buying an additional 540,676 shares during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Income ETF by 21.3% in the fourth quarter. Bank of America Corp DE now owns 1,851,098 shares of the company’s stock worth $84,447,000 after purchasing an additional 324,852 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in JPMorgan Income ETF by 8.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,781,776 shares of the company’s stock valued at $81,285,000 after acquiring an additional 144,345 shares in 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.