JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 1-Year High – What’s Next?

JPMorgan Limited Duration Bond ETF (BATS:JPLD) hit a new 52-week high on Monday . The company traded as high as $52.36 and last traded at $52.45, with a volume of 248726 shares traded. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Stock Up 0.3%

The stock’s fifty day simple moving average is $52.41 and its 200 day simple moving average is $52.38.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be given a dividend of $0.1765 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Trading of JPMorgan Limited Duration Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JPLD. Grey Ledge Advisors LLC boosted its position in JPMorgan Limited Duration Bond ETF by 34.4% in the third quarter. Grey Ledge Advisors LLC now owns 109,290 shares of the company’s stock valued at $5,735,000 after buying an additional 27,961 shares during the last quarter. Essential Planning LLC. lifted its stake in JPMorgan Limited Duration Bond ETF by 82.6% during the 3rd quarter. Essential Planning LLC. now owns 96,960 shares of the company’s stock valued at $5,088,000 after acquiring an additional 43,870 shares during the period. Stonebridge Financial Group LLC lifted its stake in JPMorgan Limited Duration Bond ETF by 10.2% during the 3rd quarter. Stonebridge Financial Group LLC now owns 220,070 shares of the company’s stock valued at $11,548,000 after acquiring an additional 20,303 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Limited Duration Bond ETF by 30.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,286 shares of the company’s stock valued at $1,373,000 after acquiring an additional 6,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter valued at $368,000.

About JPMorgan Limited Duration Bond ETF

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.