JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Hits New 12-Month Low – What’s Next?

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) shares reached a new 52-week low on Wednesday. The company traded as low as $51.50 and last traded at $51.4850, with a volume of 60792 shares. The stock had previously closed at $51.61.

JPMorgan Limited Duration Bond ETF Stock Down 0.1%

The business’s 50 day moving average price is $51.88 and its 200-day moving average price is $52.04.

Institutional Trading of JPMorgan Limited Duration Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Limited Duration Bond ETF by 18.8% during the second quarter. Envestnet Asset Management Inc. now owns 47,835 shares of the company’s stock valued at $2,497,000 after purchasing an additional 7,583 shares in the last quarter. Security National Bank of SO Dak acquired a new position in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter worth approximately $47,000. Security National Bank of Sioux City Iowa IA acquired a new position in shares of JPMorgan Limited Duration Bond ETF in the 2nd quarter worth approximately $255,000. Insight Wealth Partners LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF during the 2nd quarter worth approximately $2,780,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of JPMorgan Limited Duration Bond ETF during the 2nd quarter worth approximately $98,000.

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.