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

JPMorgan Active Bond ETF (NYSE:JBND) shares hit a new 52-week low on Thursday . The company traded as low as $52.02 and last traded at $52.02, with a volume of 276275 shares trading hands. The stock had previously closed at $52.25.

JPMorgan Active Bond ETF Trading Down 0.4%

The company’s 50 day moving average price is $52.78 and its 200-day moving average price is $53.36.

Hedge Funds Weigh In On JPMorgan Active Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in JPMorgan Active Bond ETF by 255.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,054,089 shares of the company’s stock valued at $111,065,000 after buying an additional 1,476,606 shares during the period. Global Retirement Partners LLC increased its holdings in JPMorgan Active Bond ETF by 22.0% in the 4th quarter. Global Retirement Partners LLC now owns 176,231 shares of the company’s stock valued at $9,529,000 after purchasing an additional 31,806 shares in the last quarter. MML Investors Services LLC raised its position in JPMorgan Active Bond ETF by 31.6% in the fourth quarter. MML Investors Services LLC now owns 1,401,713 shares of the company’s stock valued at $75,791,000 after purchasing an additional 336,831 shares during the period. Larson Financial Group LLC lifted its stake in shares of JPMorgan Active Bond ETF by 11.2% during the fourth quarter. Larson Financial Group LLC now owns 608,573 shares of the company’s stock worth $32,906,000 after purchasing an additional 61,408 shares in the last quarter. Finally, GGM Financials LLC raised its holdings in shares of JPMorgan Active Bond ETF by 156.7% during the 4th quarter. GGM Financials LLC now owns 51,141 shares of the company’s stock valued at $2,765,000 after buying an additional 31,219 shares during the period.

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.