JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $51.54 and traded as high as $51.63. JPMorgan Limited Duration Bond ETF shares last traded at $51.60, with a volume of 371,874 shares traded.

JPMorgan Limited Duration Bond ETF Price Performance

The stock’s 50 day simple moving average is $51.54 and its two-hundred day simple moving average is $52.04.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

A number of hedge funds have recently modified their holdings of JPLD. Beacon Financial Advisory LLC boosted its position in JPMorgan Limited Duration Bond ETF by 5.6% during the second quarter. Beacon Financial Advisory LLC now owns 5,200 shares of the company’s stock worth $271,000 after purchasing an additional 275 shares during the period. KWB Wealth raised its position in shares of JPMorgan Limited Duration Bond ETF by 2.6% in the third quarter. KWB Wealth now owns 17,076 shares of the company’s stock valued at $878,000 after purchasing an additional 433 shares during the period. Royal Bank of Canada raised its position in shares of JPMorgan Limited Duration Bond ETF by 8.8% in the first quarter. Royal Bank of Canada now owns 8,233 shares of the company’s stock valued at $430,000 after purchasing an additional 668 shares during the period. Security National Bank of SO Dak bought a new stake in shares of JPMorgan Limited Duration Bond ETF in the second quarter valued at approximately $47,000. Finally, D.A. Davidson & CO. lifted its stake in shares of JPMorgan Limited Duration Bond ETF by 3.6% during the 1st quarter. D.A. Davidson & CO. now owns 35,625 shares of the company’s stock valued at $1,859,000 after buying an additional 1,244 shares in 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.