Citizens Business Bank Invests $10.70 Million in JPMorgan Active Bond ETF $JBND

Citizens Business Bank purchased a new stake in shares of JPMorgan Active Bond ETF (NYSEARCA:JBND) during the 2nd quarter, Holdings Channel reports. The fund purchased 199,665 shares of the company’s stock, valued at approximately $10,700,000. JPMorgan Active Bond ETF makes up 2.1% of Citizens Business Bank’s holdings, making the stock its 9th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of JPMorgan Active Bond ETF by 66.7% in the 1st quarter. Farther Finance Advisors LLC now owns 500 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of JPMorgan Active Bond ETF in the 2nd quarter valued at about $53,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of JPMorgan Active Bond ETF in the 1st quarter valued at about $82,000. PNC Financial Services Group Inc. acquired a new position in shares of JPMorgan Active Bond ETF in the 1st quarter valued at about $136,000. Finally, Harbour Investments Inc. increased its holdings in shares of JPMorgan Active Bond ETF by 21.5% in the 2nd quarter. Harbour Investments Inc. now owns 2,890 shares of the company’s stock valued at $155,000 after purchasing an additional 511 shares during the period.

JPMorgan Active Bond ETF Trading Down 0.1%

Shares of JBND opened at $54.52 on Friday. JPMorgan Active Bond ETF has a fifty-two week low of $51.65 and a fifty-two week high of $54.65. The business’s 50-day moving average is $54.01 and its 200-day moving average is $53.37.

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.