JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 52-Week High – Time to Buy?

Shares of JPMorgan Limited Duration Bond ETF (BATS:JPLD) hit a new 52-week high during trading on Tuesday . The company traded as high as $52.66 and last traded at $52.6250, with a volume of 1106660 shares changing hands. The stock had previously closed at $52.57.

JPMorgan Limited Duration Bond ETF Stock Performance

The company’s 50 day moving average price is $52.44 and its two-hundred day moving average price is $52.41.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1765 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF during the 4th quarter valued at approximately $50,000. Cloud Capital Management LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF in the third quarter worth approximately $71,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of JPMorgan Limited Duration Bond ETF in the fourth quarter worth approximately $81,000. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $92,000 after purchasing an additional 548 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of JPMorgan Limited Duration Bond ETF by 10.8% during the 2nd quarter. Harbour Investments Inc. now owns 2,026 shares of the company’s stock valued at $106,000 after purchasing an additional 197 shares during the period.

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.