JPMorgan Active Bond ETF (NYSE:JBND) Sets New 52-Week Low – Time to Sell?

JPMorgan Active Bond ETF (NYSE:JBND) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $50.70 and last traded at $50.8250, with a volume of 72038 shares changing hands. The stock had previously closed at $50.96.

JPMorgan Active Bond ETF Trading Up 0.3%

The company’s fifty day moving average price is $52.14 and its 200 day moving average price is $52.95.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in shares of JPMorgan Active Bond ETF by 48.5% during the 2nd 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 in the last quarter. Envestnet Asset Management Inc. grew its stake in JPMorgan Active Bond ETF by 38.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock worth $272,817,000 after buying an additional 1,418,178 shares in the last quarter. Captrust Financial Advisors increased its holdings in JPMorgan Active Bond ETF by 10.6% in the 4th quarter. Captrust Financial Advisors now owns 4,623,078 shares of the company’s stock valued at $249,970,000 after buying an additional 441,209 shares during the period. Bank of America Corp DE raised its position in shares of JPMorgan Active Bond ETF by 47.2% in the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after buying an additional 1,354,369 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of JPMorgan Active Bond ETF by 27.2% in the 1st quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock valued at $206,167,000 after buying an additional 820,562 shares in the last quarter.

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.