JPMorgan Active Bond ETF (NYSEARCA:JBND) Sees Large Volume Increase – Here’s What Happened

JPMorgan Active Bond ETF (NYSEARCA:JBND) saw strong trading volume on Friday . 1,799,919 shares traded hands during trading, an increase of 81% from the previous session’s volume of 996,462 shares.The stock last traded at $53.52 and had previously closed at $53.51.

JPMorgan Active Bond ETF Trading Up 0.2%

The company’s 50-day moving average price is $53.58 and its two-hundred day moving average price is $54.01.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

Institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in JPMorgan Active Bond ETF during the 4th quarter valued at approximately $1,151,000. Echo Wealth Management LLC purchased a new position in JPMorgan Active Bond ETF during the fourth quarter valued at $8,890,000. Arlington Financial Advisors LLC purchased a new position in JPMorgan Active Bond ETF during the fourth quarter valued at $26,973,000. ERn Financial LLC lifted its position in JPMorgan Active Bond ETF by 12.6% during the fourth quarter. ERn Financial LLC now owns 90,866 shares of the company’s stock valued at $4,913,000 after buying an additional 10,141 shares during the period. Finally, Capital Investment Advisory Services LLC lifted its position in JPMorgan Active Bond ETF by 4.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 357,905 shares of the company’s stock valued at $19,352,000 after buying an additional 16,243 shares during the period.

About JPMorgan Active Bond ETF

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.