JPMorgan Active Bond ETF $JBND Stock: Gallacher Capital Management LLC Trims Stake

Gallacher Capital Management LLC cut its position in JPMorgan Active Bond ETF (NYSE:JBND) by 26.9% in the third quarter, HoldingsChannel.com reports. The firm owned 78,235 shares of the company’s stock after selling 28,761 shares during the period. JPMorgan Active Bond ETF accounts for approximately 3.3% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Gallacher Capital Management LLC’s holdings in JPMorgan Active Bond ETF were worth $3,999,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of JPMorgan Active Bond ETF by 48.5% in the 2nd quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after buying an additional 2,971,765 shares in the last quarter. Baldwin Wealth Partners LLC MA purchased a new position in shares of JPMorgan Active Bond ETF in the 3rd quarter worth approximately $76,009,000. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Active Bond ETF by 38.5% in the 2nd 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 during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Active Bond ETF by 47.2% during the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock worth $227,079,000 after acquiring an additional 1,354,369 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of JPMorgan Active Bond ETF by 64.3% during the 1st quarter. Royal Bank of Canada now owns 2,443,755 shares of the company’s stock worth $131,401,000 after acquiring an additional 956,648 shares in the last quarter.

JPMorgan Active Bond ETF Price Performance

NYSE:JBND opened at $51.78 on Wednesday. JPMorgan Active Bond ETF has a 52 week low of $50.70 and a 52 week high of $55.78. The firm has a 50 day moving average of $51.75 and a 200 day moving average of $53.11.

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.