JPMorgan Limited Duration Bond ETF (BATS:JPLD) Sets New 52-Week High – Should You Buy?

JPMorgan Limited Duration Bond ETF (BATS:JPLD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $52.36 and last traded at $52.3850, with a volume of 248726 shares changing hands. The stock had previously closed at $52.30.

JPMorgan Limited Duration Bond ETF Price Performance

The company’s 50 day simple moving average is $52.40 and its 200-day simple moving average is $52.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in JPMorgan Limited Duration Bond ETF in the 3rd quarter worth about $71,000. Geneos Wealth Management Inc. grew its stake in JPMorgan Limited Duration Bond ETF by 45.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,757 shares of the company’s stock worth $92,000 after acquiring an additional 548 shares in the last quarter. Harbour Investments Inc. increased its position in shares of JPMorgan Limited Duration Bond ETF by 10.8% during the second quarter. Harbour Investments Inc. now owns 2,026 shares of the company’s stock worth $106,000 after acquiring an additional 197 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of JPMorgan Limited Duration Bond ETF by 555.7% during the third quarter. Hazlett Burt & Watson Inc. now owns 2,518 shares of the company’s stock valued at $131,000 after acquiring an additional 2,134 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of JPMorgan Limited Duration Bond ETF by 649.3% in the third quarter. AE Wealth Management LLC now owns 2,705 shares of the company’s stock valued at $142,000 after purchasing an additional 2,344 shares during the period.

JPMorgan Limited Duration Bond ETF Company Profile

The JPMorgan Limited Duration Bond ETF (JPLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests mainly in a broad portfolio of investment grade asset-backed and mortgage-backed securities with an average duration of three years or less. JPLD was launched on Jul 28, 2023 and is issued by JPMorgan Chase.