JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 1-Year Low – Time to Sell?

JPMorgan Income ETF (NYSEARCA:JPIE) hit a new 52-week low on Monday . The company traded as low as $45.68 and last traded at $45.70, with a volume of 135080 shares changing hands. The stock had previously closed at $45.84.

JPMorgan Income ETF Price Performance

The company has a fifty day simple moving average of $45.92 and a two-hundred day simple moving average of $46.10.

Institutional Trading of JPMorgan Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank purchased a new position in JPMorgan Income ETF during the 4th quarter valued at about $26,000. Rice Partnership LLC purchased a new stake in shares of JPMorgan Income ETF in the 1st quarter worth approximately $30,000. Imprint Wealth LLC bought a new position in shares of JPMorgan Income ETF during the third quarter valued at approximately $33,000. Torren Management LLC bought a new position in JPMorgan Income ETF in the first quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in JPMorgan Income ETF in the fourth quarter worth approximately $35,000.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.