M&T Bank Corp Trims Stake in JPMorgan Limited Duration Bond ETF $JPLD

M&T Bank Corp cut its position in JPMorgan Limited Duration Bond ETF (BATS:JPLD) by 92.7% in the fourth quarter, Holdings Channel reports. The firm owned 74,480 shares of the company’s stock after selling 941,780 shares during the period. M&T Bank Corp’s holdings in JPMorgan Limited Duration Bond ETF were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JPLD. JPMorgan Chase & Co. increased its position in 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 worth $2,018,586,000 after buying an additional 19,142,064 shares during the period. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the third quarter worth approximately $8,196,000. Drive Wealth Management LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the third quarter worth approximately $5,958,000. Farther Finance Advisors LLC acquired a new position in shares of JPMorgan Limited Duration Bond ETF in the 4th quarter valued at $5,472,000. Finally, AE Wealth Management LLC increased its holdings in shares of JPMorgan Limited Duration Bond ETF by 2,820.3% in the 4th quarter. AE Wealth Management LLC now owns 78,995 shares of the company’s stock valued at $4,134,000 after acquiring an additional 76,290 shares during the period.

JPMorgan Limited Duration Bond ETF Stock Performance

JPLD stock opened at $52.37 on Monday. The company has a fifty day moving average price of $52.34 and a 200 day moving average price of $52.41. JPMorgan Limited Duration Bond ETF has a 12 month low of $51.55 and a 12 month high of $52.75.

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.