JPMorgan Income ETF (NYSEARCA:JPIE) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) saw strong trading volume on Monday . 274,435 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 263,476 shares.The stock last traded at $45.72 and had previously closed at $45.75.

JPMorgan Income ETF Stock Performance

The firm’s 50 day moving average is $45.82 and its 200 day moving average is $45.81.

Institutional Trading of JPMorgan Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPIE. Savant Capital LLC grew its holdings in JPMorgan Income ETF by 71.8% during the second quarter. Savant Capital LLC now owns 840,019 shares of the company’s stock worth $38,187,000 after acquiring an additional 351,055 shares during the period. Richard W. Paul & Associates LLC increased its holdings in JPMorgan Income ETF by 662.2% in the third 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 in the last quarter. Wagner Wealth Management LLC raised its position in shares of 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. Syntegra Private Wealth Group LLC grew its stake in JPMorgan Income ETF by 16.6% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 883,099 shares of the company’s stock valued at $40,967,000 after acquiring an additional 125,592 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Income ETF by 1,686.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 132,079 shares of the company’s stock worth $6,127,000 after acquiring an additional 124,684 shares during the period.

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.