JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Sees Strong Trading Volume – Still a Buy?

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) saw unusually-high trading volume on Thursday. Approximately 5,975,839 shares changed hands during mid-day trading, an increase of 1,084% from the average daily volume of 504,810 shares. The stock last traded at $51.3650 and had previously closed at $51.44.

JPMorgan Limited Duration Bond ETF Stock Down 0.2%

The firm’s fifty day moving average price is $51.51 and its 200 day moving average price is $52.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Security National Bank of SO Dak purchased a new stake in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter valued at $47,000. Bogart Wealth LLC grew its position in JPMorgan Limited Duration Bond ETF by 28.4% in the 3rd quarter. Bogart Wealth LLC now owns 1,284 shares of the company’s stock valued at $66,000 after acquiring an additional 284 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan Limited Duration Bond ETF during the second quarter worth about $98,000. Archer Investment Corp purchased a new stake in JPMorgan Limited Duration Bond ETF during the first quarter worth about $106,000. Finally, Continuum Advisory LLC purchased a new stake in JPMorgan Limited Duration Bond ETF during the second quarter worth about $146,000.

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.