JPMorgan Active Bond ETF (NYSE:JBND) Reaches New 1-Year Low – Time to Sell?

JPMorgan Active Bond ETF (NYSE:JBND) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $50.70 and last traded at $50.8250, with a volume of 72038 shares changing hands. The stock had previously closed at $50.96.

JPMorgan Active Bond ETF Stock Down 0.1%

The company has a 50-day simple moving average of $52.21 and a 200 day simple moving average of $52.98.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Portfolio Resources Advisor Group Inc. acquired a new position in JPMorgan Active Bond ETF during the 4th quarter valued at $76,000. Cornerstone Planning Group LLC grew its position in JPMorgan Active Bond ETF by 103.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,411 shares of the company’s stock worth $75,000 after purchasing an additional 716 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in JPMorgan Active Bond ETF in the 4th quarter worth $117,000. Capital Analysts LLC increased its holdings in shares of JPMorgan Active Bond ETF by 698.5% during the 2nd quarter. Capital Analysts LLC now owns 4,176 shares of the company’s stock worth $223,000 after purchasing an additional 3,653 shares during the period. Finally, World Investment Advisors bought a new position in shares of JPMorgan Active Bond ETF during the 4th quarter worth about $249,000.

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.