JPMorgan Income ETF (NYSEARCA:JPIE) Shares Break Above 50 Day Moving Average – Should You Sell?

JPMorgan Income ETF (NYSEARCA:JPIE) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $45.22 and traded as high as $45.27. JPMorgan Income ETF shares last traded at $45.25, with a volume of 1,524,857 shares traded.

JPMorgan Income ETF Price Performance

The company has a 50 day simple moving average of $45.22 and a 200-day simple moving average of $45.86.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of hedge funds have recently made changes to their positions in JPIE. Ascent Group LLC grew its stake in shares of JPMorgan Income ETF by 15.6% in the third quarter. Ascent Group LLC now owns 9,964 shares of the company’s stock worth $447,000 after acquiring an additional 1,344 shares during the period. Southern Financial Group LLC lifted its position in JPMorgan Income ETF by 11.4% during the third quarter. Southern Financial Group LLC now owns 1,571,276 shares of the company’s stock valued at $70,535,000 after purchasing an additional 160,822 shares during the period. Next Level Wealth Planning LLC lifted its position in JPMorgan Income ETF by 24.6% during the third quarter. Next Level Wealth Planning LLC now owns 12,983 shares of the company’s stock valued at $583,000 after purchasing an additional 2,563 shares during the period. Signature Equity Partners LLC boosted its holdings in JPMorgan Income ETF by 5,362.4% in the third quarter. Signature Equity Partners LLC now owns 34,413 shares of the company’s stock worth $1,545,000 after purchasing an additional 33,783 shares during the last quarter. Finally, Certified Advisory Corp boosted its holdings in JPMorgan Income ETF by 3.1% in the third quarter. Certified Advisory Corp now owns 533,801 shares of the company’s stock worth $23,962,000 after purchasing an additional 15,839 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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.