Park Avenue Securities LLC Makes New $8.43 Million Investment in JPMorgan Active Bond ETF $JBND

Park Avenue Securities LLC bought a new position in JPMorgan Active Bond ETF (NYSEARCA:JBND) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 155,928 shares of the company’s stock, valued at approximately $8,431,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new stake in shares of JPMorgan Active Bond ETF during the third quarter valued at approximately $26,000. True Wealth Design LLC purchased a new stake in JPMorgan Active Bond ETF in the third quarter worth $36,000. Cornerstone Planning Group LLC bought a new position in JPMorgan Active Bond ETF in the third quarter worth $38,000. Whittier Trust Co. of Nevada Inc. bought a new position in JPMorgan Active Bond ETF in the third quarter worth $65,000. Finally, Advisory Services Network LLC purchased a new position in JPMorgan Active Bond ETF during the third quarter valued at $66,000.

JPMorgan Active Bond ETF Stock Performance

Shares of JBND stock opened at $53.46 on Friday. JPMorgan Active Bond ETF has a 12 month low of $51.96 and a 12 month high of $55.78. The company’s fifty day moving average price is $54.25 and its 200-day moving average price is $54.24.

JPMorgan Active Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1734 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

JPMorgan Active Bond ETF Profile

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.