JPMorgan Active Bond ETF (NYSEARCA:JBND) Sets New 52-Week Low – Should You Sell?

Shares of JPMorgan Active Bond ETF (NYSEARCA:JBND) hit a new 52-week low on Tuesday . The stock traded as low as $52.05 and last traded at $52.35, with a volume of 194375 shares changing hands. The stock had previously closed at $52.69.

JPMorgan Active Bond ETF Stock Performance

The stock has a 50-day moving average price of $52.95 and a 200 day moving average price of $53.47.

Institutional Trading of JPMorgan Active Bond ETF

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Active Bond ETF in the first quarter valued at approximately $10,586,000. Cary Street Partners Financial LLC raised its position in JPMorgan Active Bond ETF by 414.7% in the second quarter. Cary Street Partners Financial LLC now owns 1,925 shares of the company’s stock valued at $103,000 after purchasing an additional 1,551 shares during the period. Vienna Asset Management LLC raised its holdings in shares of JPMorgan Active Bond ETF by 20.8% in the 2nd quarter. Vienna Asset Management LLC now owns 40,577 shares of the company’s stock valued at $2,175,000 after buying an additional 6,975 shares during the period. Bank of America Corp DE acquired a new position in JPMorgan Active Bond ETF in the 2nd quarter valued at about $18,593,000. Finally, MML Investors Services LLC boosted its stake in shares of JPMorgan Active Bond ETF by 20.4% in the second quarter. MML Investors Services LLC now owns 934,225 shares of the company’s stock valued at $50,065,000 after purchasing an additional 158,229 shares during the period.

JPMorgan Active Bond ETF Company Profile

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.