JPMorgan Income ETF (NYSEARCA:JPIE) Sees Strong Trading Volume – Should You Buy?

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) saw strong 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 Stock Up 0.2 %

The firm’s 50 day moving average is $45.93 and its two-hundred day moving average is $45.88.

Institutional Investors Weigh In On JPMorgan Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JPIE. MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Income ETF during the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new position in JPMorgan Income ETF during the 3rd quarter worth $38,000. Newbridge Financial Services Group Inc. raised its stake in JPMorgan Income ETF by 33.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,030 shares of the company’s stock valued at $47,000 after acquiring an additional 260 shares during the last quarter. EPG Wealth Management LLC purchased a new position in JPMorgan Income ETF in the 4th quarter valued at $59,000. Finally, Sunbelt Securities Inc. purchased a new position in JPMorgan Income ETF during the third quarter worth about $65,000.

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.