JPMorgan Active Bond ETF (NYSEARCA:JBND) Sees Large Volume Increase After Dividend Announcement

JPMorgan Active Bond ETF (NYSEARCA:JBND) saw strong trading volume on Monday following a dividend announcement from the company. 5,725,291 shares traded hands during mid-day trading, an increase of 1,183% from the previous session’s volume of 446,358 shares.The stock last traded at $54.0050 and had previously closed at $53.99.

The newly announced dividend which will be paid on Wednesday, December 17th. Investors of record on Monday, December 15th will be given a $0.031 dividend. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, December 15th.

JPMorgan Active Bond ETF Price Performance

The firm’s 50 day simple moving average is $54.29 and its two-hundred day simple moving average is $53.77.

Institutional Investors Weigh In On JPMorgan Active Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new position in JPMorgan Active Bond ETF during the 1st quarter worth approximately $136,000. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Active Bond ETF during the first quarter valued at approximately $24,544,000. Pinnacle Wealth Management LLC bought a new position in shares of JPMorgan Active Bond ETF in the first quarter worth approximately $10,202,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JPMorgan Active Bond ETF in the first quarter worth $82,000. Finally, Jane Street Group LLC increased its stake in shares of JPMorgan Active Bond ETF by 1,143.1% in the first quarter. Jane Street Group LLC now owns 241,811 shares of the company’s stock worth $12,942,000 after buying an additional 222,358 shares during the period.

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.