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

JPMorgan Active Bond ETF (NYSE:JBND)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $51.75 and last traded at $51.7150, with a volume of 88009 shares. The stock had previously closed at $52.00.

JPMorgan Active Bond ETF Price Performance

The company has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $53.19.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of JBND. LPL Financial LLC raised its position in JPMorgan Active Bond ETF by 54.0% during the 4th quarter. LPL Financial LLC now owns 13,119,154 shares of the company’s stock valued at $709,353,000 after purchasing an additional 4,600,361 shares during the last quarter. Allworth Financial LP lifted its holdings in JPMorgan Active Bond ETF by 48.5% in the 2nd quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock worth $486,939,000 after buying an additional 2,971,765 shares during the period. Janney Montgomery Scott LLC grew its position in shares of JPMorgan Active Bond ETF by 255.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,054,089 shares of the company’s stock worth $111,065,000 after buying an additional 1,476,606 shares during the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Active Bond ETF by 47.2% in the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock worth $227,079,000 after buying an additional 1,354,369 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of JPMorgan Active Bond ETF by 64.3% during the first quarter. Royal Bank of Canada now owns 2,443,755 shares of the company’s stock valued at $131,401,000 after buying an additional 956,648 shares during the period.

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.