JPMorgan Income ETF (NYSEARCA:JPIE) Sees Large Volume Increase – Should You Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) saw an uptick in trading volume on Monday . 1,224,855 shares changed hands during trading, an increase of 108% from the previous session’s volume of 589,781 shares.The stock last traded at $45.91 and had previously closed at $45.85.

JPMorgan Income ETF Stock Performance

The business’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $45.87.

Hedge Funds Weigh In On JPMorgan Income ETF

A number of hedge funds have recently made changes to their positions in JPIE. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Income ETF by 142.3% in the third quarter. JPMorgan Chase & Co. now owns 4,929,890 shares of the company’s stock valued at $228,698,000 after purchasing an additional 2,894,852 shares during the period. Richard W. Paul & Associates LLC raised its position in shares of JPMorgan Income ETF by 662.2% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 189,777 shares of the company’s stock valued at $8,804,000 after buying an additional 164,879 shares during the period. Planned Solutions Inc. lifted its holdings in JPMorgan Income ETF by 47.5% in the fourth quarter. Planned Solutions Inc. now owns 461,898 shares of the company’s stock valued at $21,072,000 after acquiring an additional 148,726 shares during the last quarter. Wagner Wealth Management LLC grew its position in JPMorgan Income ETF by 37.5% in the third quarter. Wagner Wealth Management LLC now owns 533,900 shares of the company’s stock worth $24,768,000 after acquiring an additional 145,693 shares during the period. Finally, BankPlus Wealth Management LLC purchased a new position in JPMorgan Income ETF in the fourth quarter worth approximately $6,355,000.

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.