JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $51.54 and traded as high as $51.63. JPMorgan Limited Duration Bond ETF shares last traded at $51.60, with a volume of 371,874 shares trading hands.

JPMorgan Limited Duration Bond ETF Price Performance

The stock’s fifty day moving average price is $51.53 and its 200 day moving average price is $52.03.

Institutional Trading of JPMorgan Limited Duration Bond ETF

Large investors have recently modified their holdings of the company. Security National Bank of SO Dak purchased a new stake in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter worth $47,000. Integrated Wealth Concepts LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF during the 2nd quarter worth $98,000. Archer Investment Corp purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the first quarter valued at $106,000. Continuum Advisory LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the second quarter valued at $146,000. Finally, Putney Financial Group LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the third quarter valued at $146,000.

About JPMorgan Limited Duration Bond ETF

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.