JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 12-Month High – Here’s Why

JPMorgan Limited Duration Bond ETF (BATS:JPLD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.36 and last traded at $52.4050, with a volume of 248726 shares trading hands. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Stock Performance

The company’s 50 day moving average price is $52.43 and its 200-day moving average price is $52.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. XY Planning Network Inc. bought a new position in JPMorgan Limited Duration Bond ETF during the second quarter worth $437,000. Janney Montgomery Scott LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter worth about $368,000. Envestnet Asset Management Inc. lifted its stake 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 purchasing an additional 6,095 shares during the period. Kane Investment Management Inc. boosted its position in shares of JPMorgan Limited Duration Bond ETF by 172.3% during the 2nd quarter. Kane Investment Management Inc. now owns 32,415 shares of the company’s stock valued at $1,693,000 after purchasing an additional 20,509 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of JPMorgan Limited Duration Bond ETF by 17.2% during the 2nd quarter. Truist Financial Corp now owns 11,002 shares of the company’s stock valued at $575,000 after purchasing an additional 1,611 shares in the last quarter.

JPMorgan Limited Duration Bond ETF Company Profile

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.