JPMorgan Limited Duration Bond ETF (BATS:JPLD) Hits New 12-Month High – Should You Buy?

JPMorgan Limited Duration Bond ETF (BATS:JPLD) shares reached 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 trading hands. The stock had previously closed at $52.63.

JPMorgan Limited Duration Bond ETF Stock Down 0.1%

The company has a 50 day moving average of $52.48 and a two-hundred day moving average of $52.43.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.1765 dividend. 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 bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Limited Duration Bond ETF by 99.1% during the third quarter. JPMorgan Chase & Co. now owns 38,467,573 shares of the company’s stock valued at $2,018,586,000 after purchasing an additional 19,142,064 shares in the last quarter. Morgan Stanley boosted its position in shares of JPMorgan Limited Duration Bond ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 1,354,725 shares of the company’s stock worth $70,904,000 after purchasing an additional 270,413 shares in the last quarter. UBS Group AG grew its stake in shares of JPMorgan Limited Duration Bond ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 1,047,402 shares of the company’s stock worth $54,962,000 after buying an additional 11,441 shares during the last quarter. M&T Bank Corp increased its position in JPMorgan Limited Duration Bond ETF by 3.0% during the 4th quarter. M&T Bank Corp now owns 1,046,425 shares of the company’s stock valued at $54,768,000 after buying an additional 30,165 shares in the last quarter. Finally, Composition Wealth LLC raised its stake in JPMorgan Limited Duration Bond ETF by 20.2% during the fourth quarter. Composition Wealth LLC now owns 891,312 shares of the company’s stock valued at $46,650,000 after buying an additional 149,947 shares during 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.