JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Reaches New 12-Month Low – What’s Next?

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $51.54 and last traded at $51.5540, with a volume of 670751 shares traded. The stock had previously closed at $51.58.

JPMorgan Limited Duration Bond ETF Price Performance

The stock’s 50 day simple moving average is $51.94 and its two-hundred day simple moving average is $52.09.

Hedge Funds Weigh In On JPMorgan Limited Duration Bond ETF

Several institutional investors have recently bought and sold shares of JPLD. Schiavi & Co LLC grew its stake in JPMorgan Limited Duration Bond ETF by 9.4% in the 4th quarter. Schiavi & Co LLC now owns 805,931 shares of the company’s stock valued at $42,181,000 after buying an additional 69,539 shares in the last quarter. HighTower Advisors LLC raised its holdings in JPMorgan Limited Duration Bond ETF by 18.7% during the 4th quarter. HighTower Advisors LLC now owns 288,137 shares of the company’s stock valued at $15,081,000 after acquiring an additional 45,377 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Limited Duration Bond ETF by 325.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,531 shares of the company’s stock worth $2,540,000 after acquiring an additional 37,123 shares in the last quarter. Juno Financial Group LLC purchased a new stake in shares of JPMorgan Limited Duration Bond ETF during the first quarter worth $8,687,000. Finally, TD Capital Management LLC lifted its position in shares of JPMorgan Limited Duration Bond ETF by 18.8% during the fourth quarter. TD Capital Management LLC now owns 250,959 shares of the company’s stock worth $13,135,000 after acquiring an additional 39,649 shares in 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.