JPMorgan Active Bond ETF (NYSE:JBND) Hits New 12-Month Low – Should You Sell?

JPMorgan Active Bond ETF (NYSE:JBND)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $51.10 and last traded at $51.1950, with a volume of 1323982 shares changing hands. The stock had previously closed at $51.43.

JPMorgan Active Bond ETF Trading Down 0.1%

The firm has a fifty day moving average price of $52.36 and a 200-day moving average price of $53.07.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

Large investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of JPMorgan Active Bond ETF by 54.0% in the 4th quarter. LPL Financial LLC now owns 13,119,154 shares of the company’s stock valued at $709,353,000 after buying an additional 4,600,361 shares in the last quarter. Allworth Financial LP boosted its position in shares of JPMorgan Active Bond ETF by 48.5% during the 2nd quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock worth $486,939,000 after acquiring an additional 2,971,765 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in JPMorgan Active Bond ETF by 38.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock valued at $272,817,000 after acquiring an additional 1,418,178 shares during the last quarter. Captrust Financial Advisors increased its stake in JPMorgan Active Bond ETF by 10.6% in the fourth quarter. Captrust Financial Advisors now owns 4,623,078 shares of the company’s stock valued at $249,970,000 after acquiring an additional 441,209 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in JPMorgan Active Bond ETF by 47.2% in the first quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after acquiring an additional 1,354,369 shares during the last quarter.

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.