JPMorgan Limited Duration Bond ETF (BATS:JPLD) Sets New 1-Year High – Time to Buy?

Shares of JPMorgan Limited Duration Bond ETF (BATS:JPLD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.36 and last traded at $52.2950, with a volume of 248726 shares traded. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Stock Down 0.0%

The firm has a fifty day moving average price of $52.45 and a 200 day moving average price of $52.22.

Hedge Funds Weigh In On JPMorgan Limited Duration Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JPLD. Cloud Capital Management LLC acquired a new stake in shares of JPMorgan Limited Duration Bond ETF in the third quarter valued at about $71,000. Geneos Wealth Management Inc. lifted its position in shares of JPMorgan Limited Duration Bond ETF by 45.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock valued at $92,000 after acquiring an additional 548 shares during the period. Harbour Investments Inc. boosted its stake in shares of JPMorgan Limited Duration Bond ETF by 36.2% during the 1st quarter. Harbour Investments Inc. now owns 1,829 shares of the company’s stock worth $95,000 after acquiring an additional 486 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of JPMorgan Limited Duration Bond ETF by 555.7% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,518 shares of the company’s stock worth $131,000 after acquiring an additional 2,134 shares during the period. Finally, AE Wealth Management LLC grew its holdings in shares of JPMorgan Limited Duration Bond ETF by 649.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,705 shares of the company’s stock worth $142,000 after acquiring an additional 2,344 shares during the period.

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.