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

JPMorgan Income ETF (NYSEARCA:JPIE) shares saw unusually-strong trading volume on Friday . Approximately 1,287,307 shares changed hands during mid-day trading, an increase of 411% from the previous session’s volume of 251,949 shares.The stock last traded at $45.64 and had previously closed at $45.67.

JPMorgan Income ETF Trading Down 0.0 %

The business has a fifty day moving average price of $46.01 and a 200 day moving average price of $45.70.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in JPMorgan Income ETF in the 2nd quarter valued at $26,000. Private Trust Co. NA acquired a new stake in shares of JPMorgan Income ETF during the 3rd quarter valued at about $36,000. Whittier Trust Co. of Nevada Inc. increased 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 period. LGT Financial Advisors LLC raised its position in JPMorgan Income ETF by 75.4% in the third quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after purchasing an additional 438 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in JPMorgan Income ETF by 107.3% during the third quarter. CENTRAL TRUST Co now owns 1,248 shares of the company’s stock worth $58,000 after purchasing an additional 646 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.