JPMorgan Active Bond ETF (NYSE:JBND) Hits New 1-Year Low – Here’s Why

JPMorgan Active Bond ETF (NYSE:JBND) hit a new 52-week low during trading on Thursday . The company traded as low as $52.02 and last traded at $52.02, with a volume of 276275 shares. The stock had previously closed at $52.25.

JPMorgan Active Bond ETF Price Performance

The business’s 50-day moving average price is $52.78 and its two-hundred day moving average price is $53.36.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its position in 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 worth $709,353,000 after buying an additional 4,600,361 shares during the period. Allworth Financial LP increased its stake in shares of JPMorgan Active Bond ETF by 48.5% during the 2nd quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after acquiring an additional 2,971,765 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of JPMorgan Active Bond ETF by 10.6% during the 4th quarter. Captrust Financial Advisors now owns 4,623,078 shares of the company’s stock worth $249,970,000 after acquiring an additional 441,209 shares during the period. Bank of America Corp DE lifted its holdings in shares of JPMorgan Active Bond ETF by 47.2% during the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock worth $227,079,000 after acquiring an additional 1,354,369 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of JPMorgan Active Bond ETF by 27.2% in the first quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock worth $206,167,000 after acquiring an additional 820,562 shares during the last quarter.

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.