JPMorgan Active Bond ETF $JBND Position Increased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC lifted its stake in shares of JPMorgan Active Bond ETF (NYSEARCA:JBND) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 265,398 shares of the company’s stock after acquiring an additional 28,471 shares during the quarter. JPMorgan Active Bond ETF makes up about 9.7% of Pinnacle Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Pinnacle Wealth Management LLC’s holdings in JPMorgan Active Bond ETF were worth $14,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bridgewater Advisors Inc. acquired a new stake in JPMorgan Active Bond ETF in the 3rd quarter worth about $53,477,000. Cetera Investment Advisers boosted its stake in JPMorgan Active Bond ETF by 63.7% in the second quarter. Cetera Investment Advisers now owns 1,700,150 shares of the company’s stock valued at $91,111,000 after acquiring an additional 661,624 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Active Bond ETF by 111.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,205,117 shares of the company’s stock worth $65,269,000 after acquiring an additional 635,086 shares during the period. Essex LLC increased its stake in shares of JPMorgan Active Bond ETF by 1,064.1% during the third quarter. Essex LLC now owns 423,720 shares of the company’s stock valued at $22,949,000 after acquiring an additional 387,320 shares during the period. Finally, Ocean Park Asset Management LLC acquired a new stake in shares of JPMorgan Active Bond ETF during the 3rd quarter valued at $19,048,000.

JPMorgan Active Bond ETF Price Performance

JBND opened at $54.73 on Thursday. JPMorgan Active Bond ETF has a 1 year low of $51.96 and a 1 year high of $55.78. The stock has a fifty day moving average price of $54.24 and a 200 day moving average price of $54.17.

JPMorgan Active Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1891 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from JPMorgan Active Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Monday, February 2nd.

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.