JPMorgan Income ETF (NYSEARCA:JPIE) Sees Large Volume Increase – Still a Buy?

JPMorgan Income ETF (NYSEARCA:JPIE) saw unusually-high trading volume on Monday . Approximately 274,435 shares traded hands during 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 Trading Down 0.0 %

The company has a fifty day simple moving average of $45.82 and a 200-day simple moving average of $45.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. bought a new position in shares of JPMorgan Income ETF during the 2nd quarter valued at approximately $26,000. Private Trust Co. NA bought a new position in JPMorgan Income ETF during the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Income ETF in the third quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 worth $42,000 after buying an additional 449 shares during the period. Finally, LGT Financial Advisors LLC increased its stake 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 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.