JPMorgan Income ETF (NYSEARCA:JPIE) Sees Unusually-High Trading Volume – What’s Next?

Shares of JPMorgan Income ETF (NYSEARCA:JPIE) saw an uptick in trading volume on Tuesday . 393,153 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 259,948 shares.The stock last traded at $45.83 and had previously closed at $45.83.

JPMorgan Income ETF Stock Down 0.0 %

The stock has a 50-day moving average of $45.84 and a 200 day moving average of $45.79.

Institutional Investors Weigh In On JPMorgan Income ETF

Several institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan Income ETF by 10.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,395 shares of the company’s stock valued at $336,000 after purchasing an additional 678 shares during the period. Raymond James & Associates boosted its stake in JPMorgan Income ETF by 190.2% in the 2nd quarter. Raymond James & Associates now owns 158,364 shares of the company’s stock worth $7,199,000 after purchasing an additional 103,799 shares during the period. Heritage Financial Services LLC raised its stake in shares of JPMorgan Income ETF by 3.9% in the 2nd quarter. Heritage Financial Services LLC now owns 2,254,884 shares of the company’s stock valued at $102,507,000 after purchasing an additional 84,646 shares during the period. Richard W. Paul & Associates LLC lifted its holdings in shares of JPMorgan Income ETF by 28.7% in the second quarter. Richard W. Paul & Associates LLC now owns 24,898 shares of the company’s stock valued at $1,132,000 after purchasing an additional 5,553 shares in the last quarter. Finally, Marmo Financial Group LLC raised its position in JPMorgan Income ETF by 34.6% in the 2nd quarter. Marmo Financial Group LLC now owns 75,230 shares of the company’s stock valued at $3,420,000 after buying an additional 19,319 shares during the last quarter.

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.