JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 52-Week High – Still a Buy?

JPMorgan Limited Duration Bond ETF (BATS:JPLD) shares hit a new 52-week high during trading on Monday . The company traded as high as $52.66 and last traded at $52.6550, with a volume of 12434 shares. The stock had previously closed at $52.63.

JPMorgan Limited Duration Bond ETF Stock Up 0.1%

The firm has a 50 day moving average price of $52.46 and a two-hundred day moving average price of $52.42.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1765 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in 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 buying an additional 295 shares during the last quarter. Winebrenner Capital Management LLC boosted its holdings in shares of JPMorgan Limited Duration Bond ETF by 1.1% in the 4th quarter. Winebrenner Capital Management LLC now owns 46,154 shares of the company’s stock worth $2,416,000 after acquiring an additional 492 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in JPMorgan Limited Duration Bond ETF by 45.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock valued at $92,000 after purchasing an additional 548 shares in the last quarter. Harbour Investments Inc. raised its position in JPMorgan Limited Duration Bond ETF by 21.2% in the 4th quarter. Harbour Investments Inc. now owns 3,712 shares of the company’s stock valued at $194,000 after purchasing an additional 649 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in JPMorgan Limited Duration Bond ETF by 11.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,629 shares of the company’s stock worth $399,000 after purchasing an additional 756 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.