JPMorgan Active Bond ETF (NYSE:JBND) Hits New 52-Week Low – Here’s What Happened

JPMorgan Active Bond ETF (NYSE:JBND) shares reached a new 52-week low on Wednesday . The stock traded as low as $51.75 and last traded at $51.7150, with a volume of 88009 shares changing hands. The stock had previously closed at $52.00.

JPMorgan Active Bond ETF Price Performance

The business has a 50-day moving average of $52.57 and a 200 day moving average of $53.19.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBND. Clearstead Advisors LLC bought a new position in shares of JPMorgan Active Bond ETF in the fourth quarter valued at approximately $58,000. Cornerstone Planning Group LLC lifted its stake 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 in the last quarter. Portfolio Resources Advisor Group Inc. purchased a new stake in JPMorgan Active Bond ETF in the 4th quarter worth approximately $76,000. Root Financial Partners LLC bought a new position in JPMorgan Active Bond ETF in the 4th quarter valued at $95,000. Finally, Rockefeller Capital Management L.P. bought a new position in JPMorgan Active Bond ETF in the 4th quarter valued at $117,000.

About JPMorgan Active Bond ETF

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.