JPMorgan Limited Duration Bond ETF (BATS:JPLD) Sets New 12-Month High – Should You Buy?

JPMorgan Limited Duration Bond ETF (BATS:JPLD)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.36 and last traded at $52.4250, with a volume of 248726 shares. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Price Performance

The stock’s 50-day moving average is $52.40 and its 200 day moving average is $52.36.

Hedge Funds Weigh In On JPMorgan Limited Duration Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in JPMorgan Limited Duration Bond ETF during the third quarter worth $71,000. Geneos Wealth Management Inc. raised its position in JPMorgan Limited Duration Bond ETF by 45.3% during the second quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock worth $92,000 after acquiring an additional 548 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of JPMorgan Limited Duration Bond ETF by 10.8% in the second quarter. Harbour Investments Inc. now owns 2,026 shares of the company’s stock valued at $106,000 after purchasing an additional 197 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of JPMorgan Limited Duration Bond ETF by 555.7% in the third quarter. Hazlett Burt & Watson Inc. now owns 2,518 shares of the company’s stock valued at $131,000 after purchasing an additional 2,134 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in shares of JPMorgan Limited Duration Bond ETF by 649.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,705 shares of the company’s stock worth $142,000 after purchasing an additional 2,344 shares during the last quarter.

About JPMorgan Limited Duration Bond ETF

The JPMorgan Limited Duration Bond ETF (JPLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests mainly in a broad portfolio of investment grade asset-backed and mortgage-backed securities with an average duration of three years or less. JPLD was launched on Jul 28, 2023 and is issued by JPMorgan Chase.