Echo Wealth Management LLC Acquires New Shares in JPMorgan Active Bond ETF $JBND

Echo Wealth Management LLC acquired a new stake in JPMorgan Active Bond ETF (NYSEARCA:JBND) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 164,419 shares of the company’s stock, valued at approximately $8,890,000. JPMorgan Active Bond ETF makes up 5.2% of Echo Wealth Management LLC’s holdings, making the stock its 6th largest holding. Echo Wealth Management LLC owned approximately 0.15% of JPMorgan Active Bond ETF as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Cary Street Partners Financial LLC grew its position in shares of JPMorgan Active Bond ETF by 10.2% during the 3rd quarter. Cary Street Partners Financial LLC now owns 2,121 shares of the company’s stock valued at $115,000 after purchasing an additional 196 shares in the last quarter. Blue Trust Inc. grew its position in shares of JPMorgan Active Bond ETF by 1.2% during the 4th quarter. Blue Trust Inc. now owns 19,313 shares of the company’s stock valued at $1,044,000 after purchasing an additional 223 shares in the last quarter. Western Wealth Management LLC grew its position in shares of JPMorgan Active Bond ETF by 0.7% during the 3rd quarter. Western Wealth Management LLC now owns 40,340 shares of the company’s stock valued at $2,185,000 after purchasing an additional 265 shares in the last quarter. High Falls Advisors Inc grew its position in shares of JPMorgan Active Bond ETF by 11.0% during the 3rd quarter. High Falls Advisors Inc now owns 4,323 shares of the company’s stock valued at $234,000 after purchasing an additional 428 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. grew its position in shares of JPMorgan Active Bond ETF by 4.1% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 11,864 shares of the company’s stock valued at $643,000 after purchasing an additional 464 shares in the last quarter.

JPMorgan Active Bond ETF Stock Performance

JBND opened at $53.80 on Thursday. The company has a fifty day moving average price of $54.12 and a 200-day moving average price of $54.18. JPMorgan Active Bond ETF has a one year low of $51.96 and a one year high of $55.78.

JPMorgan Active Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.1891 dividend. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from JPMorgan Active Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Monday, February 2nd.

JPMorgan Active Bond ETF 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.