JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 52-Week High – Here’s Why

JPMorgan Income ETF (NYSEARCA:JPIE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.58 and last traded at $45.93, with a volume of 2509 shares trading hands. The stock had previously closed at $45.94.

JPMorgan Income ETF Trading Down 0.0 %

The company has a fifty day moving average price of $45.85 and a two-hundred day moving average price of $45.91.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC boosted its position in JPMorgan Income ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 12,704 shares of the company’s stock valued at $580,000 after buying an additional 248 shares during the period. Confluence Wealth Services Inc. increased its holdings in shares of JPMorgan Income ETF by 4.6% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,675 shares of the company’s stock valued at $260,000 after purchasing an additional 251 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of JPMorgan Income ETF by 33.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock worth $47,000 after acquiring an additional 260 shares during the period. Legacy Financial Strategies LLC increased its holdings in shares of JPMorgan Income ETF by 5.0% in the 4th quarter. Legacy Financial Strategies LLC now owns 6,920 shares of the company’s stock valued at $316,000 after purchasing an additional 332 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in JPMorgan Income ETF by 0.7% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 56,815 shares of the company’s stock worth $2,592,000 after buying an additional 400 shares in 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.