JPMorgan Active Bond ETF (NYSEARCA:JBND) Sees Strong Trading Volume – Still a Buy?

Shares of JPMorgan Active Bond ETF (NYSEARCA:JBND) saw an uptick in trading volume on Wednesday . 1,129,054 shares were traded during trading, an increase of 19% from the previous session’s volume of 944,924 shares.The stock last traded at $53.9550 and had previously closed at $53.87.

JPMorgan Active Bond ETF Stock Up 0.3%

The company’s fifty day simple moving average is $54.19 and its 200 day simple moving average is $53.98.

JPMorgan Active Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 15th were given a dividend of $0.031 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, December 15th.

Institutional Trading of JPMorgan Active Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of JBND. Cambridge Advisors Inc. bought a new stake in shares of JPMorgan Active Bond ETF during the 4th quarter valued at about $266,000. Lockerman Financial Group Inc. purchased a new stake in JPMorgan Active Bond ETF in the fourth quarter valued at approximately $1,357,000. Capital Advisors Wealth Management LLC lifted its position in JPMorgan Active Bond ETF by 1,843.6% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 178,190 shares of the company’s stock valued at $9,635,000 after purchasing an additional 169,022 shares during the last quarter. Madison Park Capital Advisors LLC grew its stake in JPMorgan Active Bond ETF by 21.1% in the 4th quarter. Madison Park Capital Advisors LLC now owns 11,265 shares of the company’s stock worth $609,000 after buying an additional 1,963 shares in the last quarter. Finally, BAM Wealth Management LLC bought a new position in shares of JPMorgan Active Bond ETF in the 4th quarter worth $300,000.

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.