JPMorgan Active Bond ETF (NYSEARCA:JBND) is Avaii Wealth Management LLC’s 2nd Largest Position

Avaii Wealth Management LLC lowered its stake in JPMorgan Active Bond ETF (NYSEARCA:JBND) by 10.2% during the fourth quarter, HoldingsChannel reports. The firm owned 300,850 shares of the company’s stock after selling 34,053 shares during the period. JPMorgan Active Bond ETF accounts for approximately 7.7% of Avaii Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Avaii Wealth Management LLC owned approximately 0.07% of JPMorgan Active Bond ETF worth $15,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in shares of JPMorgan Active Bond ETF in the fourth quarter worth about $113,000. Beckerman Institutional LLC purchased a new stake in shares of JPMorgan Active Bond ETF in the 3rd quarter valued at approximately $231,000. Financial Advocates Investment Management acquired a new position in JPMorgan Active Bond ETF in the 3rd quarter worth approximately $251,000. Essex LLC acquired a new position in JPMorgan Active Bond ETF in the 3rd quarter worth approximately $290,000. Finally, AQR Capital Management LLC purchased a new position in JPMorgan Active Bond ETF during the 2nd quarter worth approximately $309,000.

JPMorgan Active Bond ETF Stock Performance

JBND opened at $52.39 on Friday. The stock has a fifty day moving average of $52.60 and a 200-day moving average of $53.30. JPMorgan Active Bond ETF has a 12-month low of $50.93 and a 12-month high of $55.06.

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.