JPMorgan Active Bond ETF (NYSEARCA:JBND) Sees Strong Trading Volume – Still a Buy?

JPMorgan Active Bond ETF (NYSEARCA:JBND) saw an uptick in trading volume on Wednesday . 1,129,054 shares traded hands during trading, an increase of 19% from the previous session’s volume of 944,924 shares.The stock last traded at $53.9550 and had previously closed at $53.87.

JPMorgan Active Bond ETF Stock Performance

The firm’s 50 day moving average price is $54.19 and its 200 day moving average price is $53.98.

JPMorgan Active Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 15th were given a $0.031 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, December 15th.

Institutional Trading of JPMorgan Active Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBND. Captrust Financial Advisors bought a new position in shares of JPMorgan Active Bond ETF during the third quarter valued at approximately $226,490,000. Private Advisor Group LLC grew its stake in shares of JPMorgan Active Bond ETF by 293.8% in the 3rd quarter. Private Advisor Group LLC now owns 1,988,733 shares of the company’s stock worth $107,710,000 after buying an additional 1,483,659 shares during the last quarter. Diversified Portfolios Inc. increased its position in JPMorgan Active Bond ETF by 11.8% during the 3rd quarter. Diversified Portfolios Inc. now owns 1,817,562 shares of the company’s stock valued at $98,439,000 after buying an additional 192,353 shares in the last quarter. Cetera Investment Advisers raised its stake in JPMorgan Active Bond ETF by 63.7% during the second quarter. Cetera Investment Advisers now owns 1,700,150 shares of the company’s stock valued at $91,111,000 after buying an additional 661,624 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in JPMorgan Active Bond ETF by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,475,828 shares of the company’s stock worth $78,717,000 after acquiring an additional 48,194 shares in the last quarter.

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.