JPMorgan Active Bond ETF (NYSEARCA:JBND) Reaches New 1-Year Low – What’s Next?

JPMorgan Active Bond ETF (NYSEARCA:JBND)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $52.60 and last traded at $52.61, with a volume of 386628 shares trading hands. The stock had previously closed at $52.79.

JPMorgan Active Bond ETF Price Performance

The business has a 50 day moving average price of $53.20 and a 200 day moving average price of $53.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Active Bond ETF in the first quarter valued at approximately $10,586,000. Cary Street Partners Financial LLC boosted its position in shares of JPMorgan Active Bond ETF by 414.7% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,925 shares of the company’s stock valued at $103,000 after acquiring an additional 1,551 shares in the last quarter. Vienna Asset Management LLC grew 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 valued at $2,175,000 after purchasing an additional 6,975 shares during the period. Bank of America Corp DE bought a new stake in JPMorgan Active Bond ETF in the second quarter valued at $18,593,000. Finally, MML Investors Services LLC grew its holdings 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 purchasing an additional 158,229 shares during the last quarter.

About JPMorgan Active Bond ETF

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.