JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 1-Year Low – Here’s Why

JPMorgan Limited Duration Bond ETF (BATS:JPLD) reached a new 52-week low during trading on Tuesday . The stock traded as low as $51.77 and last traded at $51.78, with a volume of 2107 shares trading hands. The stock had previously closed at $52.00.

JPMorgan Limited Duration Bond ETF Stock Performance

The firm has a 50 day moving average price of $52.01 and a 200-day moving average price of $52.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Beacon Financial Advisory LLC grew its position in shares of JPMorgan Limited Duration Bond ETF by 5.6% during the 2nd quarter. Beacon Financial Advisory LLC now owns 5,200 shares of the company’s stock worth $271,000 after buying an additional 275 shares during the period. Captrust Financial Advisors lifted its holdings in JPMorgan Limited Duration Bond ETF by 0.9% in the third quarter. Captrust Financial Advisors now owns 32,441 shares of the company’s stock valued at $1,702,000 after buying an additional 295 shares during the period. Geneos Wealth Management Inc. lifted its holdings in JPMorgan Limited Duration Bond ETF by 45.3% in the second quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock valued at $92,000 after buying an additional 548 shares during the period. Harbour Investments Inc. boosted its stake in JPMorgan Limited Duration Bond ETF by 21.2% in the fourth quarter. Harbour Investments Inc. now owns 3,712 shares of the company’s stock valued at $194,000 after acquiring an additional 649 shares during the last quarter. Finally, Maridea Wealth Management LLC boosted its stake in JPMorgan Limited Duration Bond ETF by 9.9% in the first quarter. Maridea Wealth Management LLC now owns 7,354 shares of the company’s stock valued at $384,000 after acquiring an additional 665 shares during the last quarter.

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.