JPMorgan Income ETF (NYSEARCA:JPIE) Sets New 12-Month High – Time to Buy?

JPMorgan Income ETF (NYSEARCA:JPIE)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.04 and last traded at $46.43, with a volume of 1046 shares. The stock had previously closed at $46.41.

JPMorgan Income ETF Price Performance

The company has a 50-day moving average price of $46.16 and a 200-day moving average price of $45.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkworth Wealth Management Inc. bought a new position in shares of JPMorgan Income ETF in the 2nd quarter worth $29,000. Centricity Wealth Management LLC boosted its position in shares of JPMorgan Income ETF by 245.4% in the 1st quarter. Centricity Wealth Management LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 535 shares during the last quarter. LRI Investments LLC bought a new position in shares of JPMorgan Income ETF in the 1st quarter worth $39,000. EPG Wealth Management LLC bought a new position in shares of JPMorgan Income ETF in the 4th quarter worth $59,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of JPMorgan Income ETF in the 2nd quarter worth $62,000.

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.