JPMorgan Active Bond ETF (NYSEARCA:JBND) Reaches New 52-Week Low – Here’s Why

JPMorgan Active Bond ETF (NYSEARCA:JBND)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $52.65 and last traded at $52.66, with a volume of 20100 shares. The stock had previously closed at $52.80.

JPMorgan Active Bond ETF Stock Up 0.2%

The firm’s 50 day simple moving average is $53.21 and its two-hundred day simple moving average is $53.72.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in shares of JPMorgan Active Bond ETF in the fourth quarter valued at approximately $324,493,000. LPL Financial LLC grew 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 in the last quarter. JPMorgan Chase & Co. increased its stake in JPMorgan Active Bond ETF by 158.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,110,945 shares of the company’s stock worth $168,209,000 after acquiring an additional 1,905,828 shares during the period. Janney Montgomery Scott LLC increased its stake in JPMorgan Active Bond ETF by 255.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,054,089 shares of the company’s stock worth $111,065,000 after acquiring an additional 1,476,606 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in JPMorgan Active Bond ETF during the 4th quarter worth $76,138,000.

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.