JPMorgan Active Bond ETF (NYSEARCA:JBND) Sees Unusually-High Trading Volume After Dividend Announcement

JPMorgan Active Bond ETF (NYSEARCA:JBND) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 5,725,291 shares changed hands during trading, an increase of 1,183% from the previous session’s volume of 446,358 shares.The stock last traded at $54.0050 and had previously closed at $53.99.

The newly announced dividend which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 15th will be issued a $0.031 dividend. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 15th.

JPMorgan Active Bond ETF Trading Up 0.0%

The firm has a 50-day moving average of $54.29 and a 200 day moving average of $53.77.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

Several hedge funds have recently added to or reduced their stakes in JBND. Cetera Investment Advisers grew its position in JPMorgan Active Bond ETF by 63.7% during the 2nd quarter. Cetera Investment Advisers now owns 1,700,150 shares of the company’s stock worth $91,111,000 after acquiring an additional 661,624 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in JPMorgan Active Bond ETF in the 2nd quarter valued at approximately $1,887,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of JPMorgan Active Bond ETF during the first quarter valued at $82,000. PNC Financial Services Group Inc. acquired a new position in shares of JPMorgan Active Bond ETF during the first quarter worth $136,000. Finally, ORG Partners LLC acquired a new position in shares of JPMorgan Active Bond ETF during the second quarter worth $657,000.

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.