JPMorgan Active Bond ETF (NYSEARCA:JBND) Reaches New 12-Month Low – Here’s Why

JPMorgan Active Bond ETF (NYSEARCA:JBNDGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $52.65 and last traded at $52.66, with a volume of 20100 shares trading hands. The stock had previously closed at $52.80.

JPMorgan Active Bond ETF Trading Down 0.3%

The firm has a fifty day moving average price of $53.23 and a 200 day moving average price of $53.74.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in JPMorgan Active Bond ETF in the fourth quarter valued at $324,493,000. LPL Financial LLC lifted its stake in shares of JPMorgan Active Bond ETF by 54.0% in the 4th quarter. LPL Financial LLC now owns 13,119,154 shares of the company’s stock valued at $709,353,000 after purchasing an additional 4,600,361 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Active Bond ETF by 158.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,110,945 shares of the company’s stock worth $168,209,000 after purchasing an additional 1,905,828 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of JPMorgan Active Bond ETF by 255.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,054,089 shares of the company’s stock worth $111,065,000 after purchasing an additional 1,476,606 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of JPMorgan Active Bond ETF during the 4th quarter worth about $76,138,000.

JPMorgan Active Bond ETF Company Profile

(Get Free Report)

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.

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