JPMorgan Income ETF (NYSEARCA:JPIE) Sees Strong Trading Volume – Here’s What Happened

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) saw unusually-strong trading volume on Tuesday . Approximately 393,153 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 259,948 shares.The stock last traded at $45.83 and had previously closed at $45.83.

JPMorgan Income ETF Price Performance

The stock’s fifty day simple moving average is $45.83 and its two-hundred day simple moving average is $45.80.

Institutional Trading of JPMorgan Income ETF

A number of hedge funds have recently made changes to their positions in the stock. Transform Wealth LLC increased its position in JPMorgan Income ETF by 4.7% in the 3rd quarter. Transform Wealth LLC now owns 5,148 shares of the company’s stock worth $239,000 after buying an additional 231 shares during the period. LGT Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 75.4% during the third quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after acquiring an additional 438 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in JPMorgan Income ETF by 95.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 921 shares of the company’s stock valued at $42,000 after acquiring an additional 449 shares during the last quarter. Opes Wealth Management LLC grew its position in shares of JPMorgan Income ETF by 5.1% during the 3rd quarter. Opes Wealth Management LLC now owns 9,382 shares of the company’s stock worth $435,000 after buying an additional 452 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of JPMorgan Income ETF by 8.5% in the 3rd quarter. D.A. Davidson & CO. now owns 6,350 shares of the company’s stock valued at $295,000 after acquiring an additional 500 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.