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

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) saw an uptick in trading volume on Tuesday . 542,599 shares changed hands during trading, an increase of 39% from the previous session’s volume of 390,696 shares.The stock last traded at $45.51 and had previously closed at $45.40.

JPMorgan Income ETF Trading Up 0.2 %

The business has a fifty day moving average price of $45.93 and a 200 day moving average price of $45.88.

Hedge Funds Weigh In On JPMorgan Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in JPMorgan Income ETF by 14.6% in the third quarter. Rockefeller Capital Management L.P. now owns 15,900 shares of the company’s stock valued at $738,000 after acquiring an additional 2,021 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 18.5% during the third quarter. HighTower Advisors LLC now owns 12,456 shares of the company’s stock valued at $578,000 after buying an additional 1,947 shares during the last quarter. Stifel Financial Corp lifted its position in JPMorgan Income ETF by 27.9% during the third quarter. Stifel Financial Corp now owns 12,088 shares of the company’s stock valued at $561,000 after purchasing an additional 2,634 shares during the period. MML Investors Services LLC grew its position in shares of JPMorgan Income ETF by 10.9% during the 3rd quarter. MML Investors Services LLC now owns 108,450 shares of the company’s stock valued at $5,031,000 after acquiring an additional 10,643 shares during the period. Finally, Continuum Advisory LLC lifted its position in shares of JPMorgan Income ETF by 3,004.8% in the third quarter. Continuum Advisory LLC now owns 44,865 shares of the company’s stock valued at $2,049,000 after acquiring an additional 43,420 shares in the last quarter.

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.