JPMorgan Income ETF (NYSEARCA:JPIE) Hits New 1-Year Low – Should You Sell?

JPMorgan Income ETF (NYSEARCA:JPIE) shares reached a new 52-week low on Thursday . The stock traded as low as $45.48 and last traded at $45.4550, with a volume of 72227 shares changing hands. The stock had previously closed at $45.56.

JPMorgan Income ETF Trading Down 0.2%

The stock’s 50-day moving average is $45.82 and its two-hundred day moving average is $45.98.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley increased its position in JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after acquiring an additional 1,393,857 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of JPMorgan Income ETF by 45.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock valued at $174,009,000 after purchasing an additional 1,181,828 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of JPMorgan Income ETF by 1,680.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock valued at $52,399,000 after purchasing an additional 1,068,410 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of JPMorgan Income ETF by 301.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after purchasing an additional 903,176 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after purchasing an additional 791,361 shares during the period.

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