JPMorgan Limited Duration Bond ETF (BATS:JPLD) Reaches New 12-Month High – Still a Buy?

JPMorgan Limited Duration Bond ETF (BATS:JPLD)’s stock price hit a new 52-week high on Monday . The stock traded as high as $52.36 and last traded at $52.5450, with a volume of 248726 shares trading hands. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Stock Up 0.1%

The company’s 50 day moving average price is $52.42 and its 200-day moving average price is $52.40.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.1765 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in JPMorgan Limited Duration Bond ETF by 99.1% in the third quarter. JPMorgan Chase & Co. now owns 38,467,573 shares of the company’s stock valued at $2,018,586,000 after purchasing an additional 19,142,064 shares during the last quarter. Boulder Wealth Advisors LLC bought a new position in JPMorgan Limited Duration Bond ETF in the 3rd quarter worth approximately $8,196,000. Composition Wealth LLC grew its stake in JPMorgan Limited Duration Bond ETF by 20.2% in the 4th quarter. Composition Wealth LLC now owns 891,312 shares of the company’s stock valued at $46,650,000 after buying an additional 149,947 shares in the last quarter. Drive Wealth Management LLC bought a new stake in JPMorgan Limited Duration Bond ETF during the 3rd quarter valued at $5,958,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of JPMorgan Limited Duration Bond ETF during the fourth quarter worth $5,472,000.

JPMorgan Limited Duration Bond ETF Company Profile

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.