JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 1-Year Low – Here’s Why

JPMorgan Limited Duration Bond ETF (BATS:JPLD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.77 and last traded at $51.78, with a volume of 2107 shares traded. The stock had previously closed at $52.00.

JPMorgan Limited Duration Bond ETF Trading Down 0.4%

The firm’s fifty day moving average is $52.01 and its 200-day moving average is $52.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JPLD. Beacon Financial Advisory LLC increased its holdings in JPMorgan Limited Duration Bond ETF by 5.6% during the 2nd quarter. Beacon Financial Advisory LLC now owns 5,200 shares of the company’s stock valued at $271,000 after purchasing an additional 275 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of JPMorgan Limited Duration Bond ETF by 0.9% during the third quarter. Captrust Financial Advisors now owns 32,441 shares of the company’s stock worth $1,702,000 after purchasing an additional 295 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of JPMorgan Limited Duration Bond ETF by 45.3% during 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 during the last quarter. Harbour Investments Inc. grew its holdings in shares of JPMorgan Limited Duration Bond ETF by 21.2% during the fourth quarter. Harbour Investments Inc. now owns 3,712 shares of the company’s stock worth $194,000 after purchasing an additional 649 shares during the last quarter. Finally, Maridea Wealth Management LLC increased its stake in shares of JPMorgan Limited Duration Bond ETF by 9.9% in the first quarter. Maridea Wealth Management LLC now owns 7,354 shares of the company’s stock valued at $384,000 after buying an additional 665 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. JPLD was launched on Jul 28, 2023 and is issued by JPMorgan Chase.