JPMorgan Active Bond ETF (NYSEARCA:JBND) Reaches New 52-Week Low – Time to Sell?

JPMorgan Active Bond ETF (NYSEARCA:JBND) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $52.65 and last traded at $52.66, with a volume of 20100 shares traded. The stock had previously closed at $52.80.

JPMorgan Active Bond ETF Stock Down 0.3%

The business has a fifty day simple moving average of $53.23 and a two-hundred day simple moving average of $53.74.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Active Bond ETF during the 1st quarter valued at about $10,586,000. Cary Street Partners Financial LLC lifted its stake in JPMorgan Active Bond ETF by 414.7% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,925 shares of the company’s stock worth $103,000 after purchasing an additional 1,551 shares in the last quarter. Vienna Asset Management LLC lifted its stake in 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 worth $2,175,000 after purchasing an additional 6,975 shares in the last quarter. Bank of America Corp DE purchased a new position in JPMorgan Active Bond ETF in the 2nd quarter worth approximately $18,593,000. Finally, MML Investors Services LLC grew its position in shares of JPMorgan Active Bond ETF by 20.4% in the second quarter. MML Investors Services LLC now owns 934,225 shares of the company’s stock valued at $50,065,000 after purchasing an additional 158,229 shares in the last quarter.

JPMorgan Active Bond ETF Company Profile

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.