Sherman Wealth Management LLC reduced its stake in shares of JPMorgan Active Bond ETF (NYSE:JBND – Free Report) by 32.9% in the third quarter, HoldingsChannel.com reports. The firm owned 58,210 shares of the company’s stock after selling 28,556 shares during the period. JPMorgan Active Bond ETF comprises about 2.1% of Sherman Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Sherman Wealth Management LLC’s holdings in JPMorgan Active Bond ETF were worth $2,976,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baldwin Wealth Partners LLC MA bought a new stake in JPMorgan Active Bond ETF during the third quarter worth $76,009,000. Allworth Financial LP boosted its position in JPMorgan Active Bond ETF by 48.5% in the second quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock worth $486,939,000 after purchasing an additional 2,971,765 shares during the last quarter. IFP Advisors Inc grew its stake in JPMorgan Active Bond ETF by 16.9% in the 2nd quarter. IFP Advisors Inc now owns 94,096 shares of the company’s stock valued at $5,034,000 after purchasing an additional 13,587 shares during the period. Northwest Financial Advisors bought a new position in JPMorgan Active Bond ETF in the 1st quarter valued at $609,000. Finally, Tenet Wealth Partners LLC purchased a new stake in shares of JPMorgan Active Bond ETF during the 2nd quarter valued at $6,957,000.
JPMorgan Active Bond ETF Stock Up 0.6%
Shares of JPMorgan Active Bond ETF stock opened at $51.52 on Friday. JPMorgan Active Bond ETF has a 1 year low of $50.70 and a 1 year high of $55.78. The stock has a fifty day moving average price of $51.99 and a 200-day moving average price of $52.86.
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.
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