JPMorgan Income ETF (NYSEARCA:JPIE) Reaches New 52-Week Low – Here’s What Happened

JPMorgan Income ETF (NYSEARCA:JPIE)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $45.75 and last traded at $45.76, with a volume of 128676 shares trading hands. The stock had previously closed at $45.82.

JPMorgan Income ETF Trading Down 0.2%

The stock’s 50 day moving average is $45.93 and its 200 day moving average is $46.13.

Hedge Funds Weigh In On JPMorgan Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPIE. Huntington National Bank acquired a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at $26,000. Rice Partnership LLC bought a new position in JPMorgan Income ETF during the first quarter valued at about $30,000. Imprint Wealth LLC acquired a new position in JPMorgan Income ETF during the third quarter worth about $33,000. Torren Management LLC acquired a new position in JPMorgan Income ETF during the first quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF during the fourth quarter worth about $35,000.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.