JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Sets New 52-Week Low – What’s Next?

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) hit a new 52-week low on Tuesday . The stock traded as low as $51.77 and last traded at $51.78, with a volume of 2107 shares changing hands. The stock had previously closed at $52.00.

JPMorgan Limited Duration Bond ETF Price Performance

The stock has a 50 day simple moving average of $52.00 and a two-hundred day simple moving average of $52.15.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in JPMorgan Limited Duration Bond ETF by 24.9% during the 4th quarter. Morgan Stanley now owns 1,354,725 shares of the company’s stock worth $70,904,000 after purchasing an additional 270,413 shares during the last quarter. UBS Group AG grew its holdings in JPMorgan Limited Duration Bond ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 1,047,402 shares of the company’s stock valued at $54,962,000 after buying an additional 11,441 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in JPMorgan Limited Duration Bond ETF by 217,192.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 875,688 shares of the company’s stock worth $45,641,000 after buying an additional 875,285 shares during the period. LPL Financial LLC lifted its holdings in shares of JPMorgan Limited Duration Bond ETF by 13.0% during the fourth quarter. LPL Financial LLC now owns 821,298 shares of the company’s stock worth $42,986,000 after buying an additional 94,173 shares in the last quarter. Finally, Schiavi & Co LLC lifted its holdings in shares of JPMorgan Limited Duration Bond ETF by 9.4% during the fourth quarter. Schiavi & Co LLC now owns 805,931 shares of the company’s stock worth $42,181,000 after buying an additional 69,539 shares in the last quarter.

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.