Summit Financial LLC Grows Stake in JPMorgan Active Bond ETF $JBND

Summit Financial LLC lifted its position in JPMorgan Active Bond ETF (NYSEARCA:JBND) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,359,312 shares of the company’s stock after buying an additional 57,499 shares during the period. JPMorgan Active Bond ETF makes up about 1.1% of Summit Financial LLC’s investment portfolio, making the stock its 14th biggest position. Summit Financial LLC owned approximately 1.21% of JPMorgan Active Bond ETF worth $73,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBND. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Active Bond ETF in the 1st quarter worth $10,586,000. Cary Street Partners Financial LLC boosted its stake in shares of JPMorgan Active Bond ETF by 414.7% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,925 shares of the company’s stock worth $103,000 after buying an additional 1,551 shares during the last quarter. Vienna Asset Management LLC boosted its stake in shares of JPMorgan Active Bond ETF by 20.8% in the 2nd quarter. Vienna Asset Management LLC now owns 40,577 shares of the company’s stock worth $2,175,000 after buying an additional 6,975 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of JPMorgan Active Bond ETF in the 2nd quarter worth $18,593,000. Finally, MML Investors Services LLC boosted its stake in shares of JPMorgan Active Bond ETF by 20.4% in the 2nd quarter. MML Investors Services LLC now owns 934,225 shares of the company’s stock worth $50,065,000 after buying an additional 158,229 shares during the last quarter.

JPMorgan Active Bond ETF Stock Performance

JBND stock opened at $53.36 on Friday. JPMorgan Active Bond ETF has a 1 year low of $52.71 and a 1 year high of $55.78. The stock’s fifty day moving average price is $53.50 and its 200-day moving average price is $53.94.

JPMorgan Active Bond ETF Company Profile

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.