JPMorgan Active Bond ETF (NYSEARCA:JBND) Sets New 52-Week Low – Should You Sell?

JPMorgan Active Bond ETF (NYSEARCA:JBND)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $52.05 and last traded at $52.35, with a volume of 194375 shares. The stock had previously closed at $52.69.

JPMorgan Active Bond ETF Stock Down 0.6%

The company has a 50 day simple moving average of $52.95 and a two-hundred day simple moving average of $53.47.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBND. Allworth Financial LP purchased a new position in shares of JPMorgan Active Bond ETF during the 4th quarter worth about $324,493,000. LPL Financial LLC raised its stake in shares of JPMorgan Active Bond ETF by 54.0% during the fourth quarter. LPL Financial LLC now owns 13,119,154 shares of the company’s stock valued at $709,353,000 after acquiring an additional 4,600,361 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 valued at $168,209,000 after purchasing an additional 1,905,828 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan Active Bond ETF by 255.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,054,089 shares of the company’s stock worth $111,065,000 after acquiring an additional 1,476,606 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new position in JPMorgan Active Bond ETF during the 4th quarter valued at about $76,138,000.

JPMorgan Active Bond ETF Company 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.