JPMorgan Active Bond ETF (NYSEARCA:JBND) Reaches New 12-Month Low – What’s Next?

Shares of JPMorgan Active Bond ETF (NYSEARCA:JBND) reached a new 52-week low during trading on Friday . The stock traded as low as $52.60 and last traded at $52.61, with a volume of 386628 shares. The stock had previously closed at $52.79.

JPMorgan Active Bond ETF Stock Down 0.2%

The stock’s fifty day moving average price is $53.19 and its two-hundred day moving average price is $53.68.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

A number of large investors have recently added to or reduced their stakes in JBND. LPL Financial LLC grew its stake in shares of JPMorgan Active Bond ETF by 54.0% during the fourth quarter. LPL Financial LLC now owns 13,119,154 shares of the company’s stock valued at $709,353,000 after buying an additional 4,600,361 shares during the last quarter. Allworth Financial LP bought a new stake in shares of JPMorgan Active Bond ETF in the 4th quarter valued at about $324,493,000. Captrust Financial Advisors lifted its stake in shares of JPMorgan Active Bond ETF by 10.6% in the 4th quarter. Captrust Financial Advisors now owns 4,623,078 shares of the company’s stock valued at $249,970,000 after acquiring an additional 441,209 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of JPMorgan Active Bond ETF by 47.2% in the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after acquiring an additional 1,354,369 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in JPMorgan Active Bond ETF by 27.2% during the 1st quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock valued at $206,167,000 after acquiring an additional 820,562 shares during the period.

About JPMorgan Active Bond ETF

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.