Drive Wealth Management LLC Buys 50,085 Shares of JPMorgan Limited Duration Bond ETF $JPLD

Drive Wealth Management LLC lifted its stake in shares of JPMorgan Limited Duration Bond ETF (BATS:JPLD) by 44.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 163,632 shares of the company’s stock after purchasing an additional 50,085 shares during the quarter. JPMorgan Limited Duration Bond ETF makes up 1.7% of Drive Wealth Management LLC’s portfolio, making the stock its 12th largest position. Drive Wealth Management LLC’s holdings in JPMorgan Limited Duration Bond ETF were worth $8,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPLD. Cloud Capital Management LLC bought a new stake in shares of JPMorgan Limited Duration Bond ETF during the 3rd quarter valued at $71,000. Geneos Wealth Management Inc. raised its stake in shares of JPMorgan Limited Duration Bond ETF by 45.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock valued at $92,000 after purchasing an additional 548 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of JPMorgan Limited Duration Bond ETF by 555.7% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,518 shares of the company’s stock valued at $131,000 after purchasing an additional 2,134 shares during the period. AE Wealth Management LLC raised its stake in shares of JPMorgan Limited Duration Bond ETF by 649.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,705 shares of the company’s stock valued at $142,000 after purchasing an additional 2,344 shares during the period. Finally, Planning Directions Inc. bought a new stake in shares of JPMorgan Limited Duration Bond ETF during the 4th quarter valued at $215,000.

JPMorgan Limited Duration Bond ETF Stock Performance

Shares of BATS JPLD opened at $52.18 on Monday. The stock’s 50-day simple moving average is $52.28 and its two-hundred day simple moving average is $52.39. JPMorgan Limited Duration Bond ETF has a twelve month low of $51.55 and a twelve month high of $52.75.

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.