JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Sees Strong Trading Volume – Time to Buy?

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) saw unusually-high trading volume on Thursday. Approximately 5,975,839 shares changed hands during mid-day trading, an increase of 1,084% from the average daily volume of 504,810 shares. The stock last traded at $51.3650 and had previously closed at $51.44.

JPMorgan Limited Duration Bond ETF Stock Down 0.2%

The stock has a fifty day moving average of $51.51 and a 200-day moving average of $52.02.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in JPMorgan Limited Duration Bond ETF in the third quarter valued at approximately $10,724,000. Composition Wealth LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the third quarter worth approximately $52,806,000. TD Capital Management LLC acquired a new position in shares of JPMorgan Limited Duration Bond ETF in the 3rd quarter valued at $15,489,000. Bogart Wealth LLC raised its position in JPMorgan Limited Duration Bond ETF by 28.4% in the 3rd quarter. Bogart Wealth LLC now owns 1,284 shares of the company’s stock valued at $66,000 after purchasing an additional 284 shares during the last quarter. Finally, Cibc World Market Inc. purchased a new stake in JPMorgan Limited Duration Bond ETF in the 3rd quarter valued at $336,000.

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.