Private Advisor Group LLC Raises Stake in JPMorgan Active Bond ETF $JBND

Private Advisor Group LLC raised its stake in JPMorgan Active Bond ETF (NYSEARCA:JBND) by 293.8% during the third quarter, Holdings Channel reports. The fund owned 1,988,733 shares of the company’s stock after buying an additional 1,483,659 shares during the period. JPMorgan Active Bond ETF makes up approximately 0.5% of Private Advisor Group LLC’s portfolio, making the stock its 28th largest position. Private Advisor Group LLC’s holdings in JPMorgan Active Bond ETF were worth $107,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Portfolios Inc. raised its holdings in shares of JPMorgan Active Bond ETF by 11.8% in the 3rd quarter. Diversified Portfolios Inc. now owns 1,817,562 shares of the company’s stock worth $98,439,000 after purchasing an additional 192,353 shares during the period. Cetera Investment Advisers grew its holdings in JPMorgan Active Bond ETF by 63.7% during the second quarter. Cetera Investment Advisers now owns 1,700,150 shares of the company’s stock valued at $91,111,000 after purchasing an additional 661,624 shares during the period. Baldwin Wealth Partners LLC MA grew its holdings in JPMorgan Active Bond ETF by 4.4% during the third quarter. Baldwin Wealth Partners LLC MA now owns 1,402,872 shares of the company’s stock valued at $75,980,000 after purchasing an additional 59,131 shares during the period. Berger Financial Group Inc increased its position in JPMorgan Active Bond ETF by 1.4% in the third quarter. Berger Financial Group Inc now owns 1,285,301 shares of the company’s stock worth $69,612,000 after buying an additional 18,348 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in JPMorgan Active Bond ETF by 111.4% in the third quarter. JPMorgan Chase & Co. now owns 1,205,117 shares of the company’s stock worth $65,269,000 after buying an additional 635,086 shares during the last quarter.

JPMorgan Active Bond ETF Trading Down 0.1%

JBND stock opened at $54.26 on Monday. The stock has a fifty day moving average of $54.28 and a 200-day moving average of $54.23. JPMorgan Active Bond ETF has a fifty-two week low of $51.96 and a fifty-two week high of $55.78.

JPMorgan Active Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1734 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, March 2nd.

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.