JPMorgan Income ETF (NYSEARCA:JPIE) Sees Large Volume Increase – What’s Next?

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 company’s 50-day moving average price is $46.02 and its 200 day moving average price is $45.69.

Institutional Investors Weigh In On JPMorgan Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JPIE. Mount Yale Investment Advisors LLC raised its position in JPMorgan Income ETF by 3.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 266,769 shares of the company’s stock worth $12,127,000 after acquiring an additional 9,848 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of JPMorgan Income ETF by 43.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,133 shares of the company’s stock worth $1,006,000 after purchasing an additional 6,754 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in JPMorgan Income ETF by 21.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 36,175 shares of the company’s stock valued at $1,645,000 after purchasing an additional 6,363 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of JPMorgan Income ETF during the second quarter worth $635,000. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan Income ETF by 19.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 153,343 shares of the company’s stock worth $6,971,000 after buying an additional 24,537 shares during the last quarter.

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.