JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 1-Year Low – Here’s Why

JPMorgan Limited Duration Bond ETF (BATS:JPLD) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.07 and last traded at $51.07, with a volume of 130 shares traded. The stock had previously closed at $52.06.

JPMorgan Limited Duration Bond ETF Price Performance

The business has a fifty day moving average of $52.32 and a 200-day moving average of $52.40.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in JPMorgan Limited Duration Bond ETF by 99.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,467,573 shares of the company’s stock valued at $2,018,586,000 after buying an additional 19,142,064 shares during the last quarter. Morgan Stanley raised its position in JPMorgan Limited Duration Bond ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 1,354,725 shares of the company’s stock valued at $70,904,000 after buying an additional 270,413 shares during the last quarter. UBS Group AG raised its position 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 during the last quarter. M&T Bank Corp raised its position in JPMorgan Limited Duration Bond ETF by 3.0% in the 4th quarter. M&T Bank Corp now owns 1,046,425 shares of the company’s stock valued at $54,768,000 after buying an additional 30,165 shares during the last quarter. Finally, Composition Wealth LLC raised its position 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 during the last quarter.

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.