JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Reaches New 52-Week Low – Here’s What Happened

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as $51.36 and last traded at $51.40, with a volume of 353414 shares. The stock had previously closed at $51.47.

JPMorgan Limited Duration Bond ETF Stock Performance

The business’s fifty day moving average price is $51.83 and its two-hundred day moving average price is $52.01.

Institutional Trading of JPMorgan Limited Duration Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JPLD. Allspring Global Investments Holdings LLC increased its holdings in shares of JPMorgan Limited Duration Bond ETF by 217,192.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 875,688 shares of the company’s stock valued at $45,641,000 after acquiring an additional 875,285 shares during the last quarter. Schiavi & Co LLC lifted its holdings in JPMorgan Limited Duration Bond ETF by 9.4% in the 4th quarter. Schiavi & Co LLC now owns 805,931 shares of the company’s stock worth $42,181,000 after purchasing an additional 69,539 shares during the last quarter. Bank of America Corp DE boosted its position in JPMorgan Limited Duration Bond ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 402,817 shares of the company’s stock worth $21,023,000 after purchasing an additional 13,694 shares during the period. MBM Wealth Consultants LLC boosted its position in JPMorgan Limited Duration Bond ETF by 11.5% during the first quarter. MBM Wealth Consultants LLC now owns 339,073 shares of the company’s stock worth $17,696,000 after purchasing an additional 34,923 shares during the period. Finally, Scott Capital Advisors LLC grew its holdings in JPMorgan Limited Duration Bond ETF by 720.9% during the second quarter. Scott Capital Advisors LLC now owns 321,805 shares of the company’s stock valued at $16,795,000 after purchasing an additional 282,602 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.