JPMorgan Income ETF (NYSEARCA:JPIE) Reaches New 12-Month High at $46.31

JPMorgan Income ETF (NYSEARCA:JPIE) shares hit a new 52-week high during trading on Thursday . The company traded as high as $46.31 and last traded at $46.30, with a volume of 65349 shares trading hands. The stock had previously closed at $46.25.

JPMorgan Income ETF Stock Performance

The firm’s 50 day moving average price is $45.91 and its two-hundred day moving average price is $45.50.

Hedge Funds Weigh In On JPMorgan Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JPIE. Financial Gravity Asset Management Inc. bought a new position in JPMorgan Income ETF during the second quarter worth $26,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of JPMorgan Income ETF by 95.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 921 shares of the company’s stock worth $42,000 after buying an additional 449 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of JPMorgan Income ETF by 63.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,456 shares of the company’s stock worth $66,000 after buying an additional 566 shares during the period. Mascoma Wealth Management LLC boosted its holdings in shares of JPMorgan Income ETF by 84.4% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,185 shares of the company’s stock worth $99,000 after buying an additional 1,000 shares during the period. Finally, Insight Wealth Partners LLC acquired a new position in JPMorgan Income ETF in the 2nd quarter valued at about $203,000.

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.