JPMorgan Income ETF (NYSEARCA:JPIE) Sees Large Volume Increase – Time to Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) shares saw unusually-high trading volume on Friday . Approximately 1,287,307 shares were traded 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 Stock Performance

The firm’s fifty day moving average is $46.02 and its 200 day moving average is $45.69.

Institutional Trading of JPMorgan Income ETF

A number of institutional investors have recently bought and sold shares of the company. Heritage Financial Services LLC raised its holdings in JPMorgan Income ETF by 4.9% during the third quarter. Heritage Financial Services LLC now owns 2,366,448 shares of the company’s stock valued at $109,780,000 after buying an additional 111,564 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of JPMorgan Income ETF by 6.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,637,431 shares of the company’s stock worth $75,960,000 after buying an additional 97,513 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JPMorgan Income ETF by 13.4% in the third quarter. Janney Montgomery Scott LLC now owns 910,818 shares of the company’s stock worth $42,253,000 after acquiring an additional 107,472 shares during the last quarter. Syntegra Private Wealth Group LLC raised its stake in JPMorgan Income ETF by 16.6% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 883,099 shares of the company’s stock valued at $40,967,000 after purchasing an additional 125,592 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in shares of JPMorgan Income ETF by 71.8% during the 2nd quarter. Savant Capital LLC now owns 840,019 shares of the company’s stock worth $38,187,000 after purchasing an additional 351,055 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.