Sheets Smith Wealth Management Invests $504,000 in JPMorgan Active Bond ETF $JBND

Sheets Smith Wealth Management purchased a new stake in JPMorgan Active Bond ETF (NYSEARCA:JBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,328 shares of the company’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBND. Captrust Financial Advisors acquired a new position in shares of JPMorgan Active Bond ETF in the 3rd quarter valued at $226,490,000. Private Advisor Group LLC grew its position in shares of JPMorgan Active Bond ETF by 293.8% during the 3rd quarter. Private Advisor Group LLC now owns 1,988,733 shares of the company’s stock valued at $107,710,000 after acquiring an additional 1,483,659 shares during the period. Diversified Portfolios Inc. raised its holdings in JPMorgan Active Bond ETF by 11.8% in the 3rd quarter. Diversified Portfolios Inc. now owns 1,817,562 shares of the company’s stock worth $98,439,000 after purchasing an additional 192,353 shares during the period. Baldwin Wealth Partners LLC MA boosted its position in JPMorgan Active Bond ETF by 3.8% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 1,456,617 shares of the company’s stock worth $78,759,000 after purchasing an additional 53,745 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in JPMorgan Active Bond ETF in the third quarter valued at approximately $72,691,000.

JPMorgan Active Bond ETF Stock Performance

JPMorgan Active Bond ETF stock opened at $53.65 on Friday. The business has a 50 day simple moving average of $54.15 and a 200-day simple moving average of $54.20. JPMorgan Active Bond ETF has a 12 month low of $51.96 and a 12 month high of $55.78.

JPMorgan Active Bond ETF Increases Dividend

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

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.