JPMorgan Income ETF Sees $229 Million Inflow and Unit Growth

In the latest analysis of week-over-week share changes among ETFs, the JPMorgan Income ETF (Symbol: JPIE) stands out with a significant inflow of approximately $229.3 million. This represents a 6.8% increase in outstanding units, rising from 74,040,000 to 79,050,000.

The chart below illustrates JPIE’s one-year price performance in comparison to its 200-day moving average:

According to the chart, JPIE’s lowest point over the past year was $45.0051 per share, while the highest reached $46.43. The most recent trading price stood at $45.76. Analyzing the current share price in relation to the 200-day moving average can provide additional insights into JPIE’s performance.

Exchange-traded funds (ETFs) are traded similarly to stocks, allowing investors to buy and sell “units” instead of traditional shares. These units can be created or destroyed based on investor demand. Each week, we monitor changes in outstanding shares to identify ETFs with significant inflows or outflows. When new units are created, the underlying assets must be purchased, whereas when units are destroyed, those assets are sold. Such large movements can notably affect the individual components held within the ETF.

Click here to discover which nine other ETFs experienced notable inflows.

Also See:

• YOD Insider Buying
• PVR Insider Buying
• HAE Price Target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.