JPMorgan Active Bond ETF (NYSE:JBND) Share Price Breaks Below Fifty Day Moving Average – Here’s Why

JPMorgan Active Bond ETF (NYSE:JBND)’s share price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $51.81 and traded as low as $51.71. JPMorgan Active Bond ETF shares last traded at $51.7550, with a volume of 1,400,285 shares.

JPMorgan Active Bond ETF Stock Performance

The firm has a 50 day moving average price of $51.81 and a two-hundred day moving average price of $53.15.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its stake in JPMorgan Active Bond ETF by 103.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,411 shares of the company’s stock worth $75,000 after acquiring an additional 716 shares during the period. Latitude Advisors LLC acquired a new position in JPMorgan Active Bond ETF in the third quarter valued at approximately $77,000. Cherry Tree Wealth Management LLC acquired a new position in JPMorgan Active Bond ETF in the third quarter valued at approximately $101,000. Rockefeller Capital Management L.P. bought a new position in shares of JPMorgan Active Bond ETF during the fourth quarter valued at approximately $117,000. Finally, Capital Analysts LLC grew its holdings in shares of JPMorgan Active Bond ETF by 698.5% during the second quarter. Capital Analysts LLC now owns 4,176 shares of the company’s stock valued at $223,000 after purchasing an additional 3,653 shares during the last quarter.

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.