Stonebridge Financial Group LLC Invests $11.38 Million in JPMorgan Limited Duration Bond ETF (BATS:JPLD)

Stonebridge Financial Group LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF (BATS:JPLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 220,901 shares of the company’s stock, valued at approximately $11,381,000. JPMorgan Limited Duration Bond ETF makes up 1.3% of Stonebridge Financial Group LLC’s portfolio, making the stock its 23rd largest position. Stonebridge Financial Group LLC owned about 1.63% of JPMorgan Limited Duration Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC lifted its holdings in shares of JPMorgan Limited Duration Bond ETF by 42.0% in the fourth quarter. Synergy Asset Management LLC now owns 25,689 shares of the company’s stock worth $1,335,000 after acquiring an additional 7,599 shares during the last quarter. Foster & Motley Inc. bought a new position in JPMorgan Limited Duration Bond ETF in the 4th quarter valued at approximately $398,000. PFG Investments LLC boosted its position in JPMorgan Limited Duration Bond ETF by 4.1% in the fourth quarter. PFG Investments LLC now owns 8,855 shares of the company’s stock valued at $456,000 after buying an additional 350 shares in the last quarter. GSB Wealth Management LLC bought a new stake in shares of JPMorgan Limited Duration Bond ETF during the fourth quarter worth $1,204,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of JPMorgan Limited Duration Bond ETF during the fourth quarter worth $62,000.

JPMorgan Limited Duration Bond ETF Price Performance

Shares of JPLD opened at $51.64 on Tuesday. The firm has a 50 day moving average price of $51.62 and a two-hundred day moving average price of $51.72.

JPMorgan Limited Duration Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a $0.1863 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

JPMorgan Limited Duration Bond ETF Profile

The JPMorgan Limited Duration Bond ETF (JPLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests mainly in a broad portfolio of investment grade asset-backed and mortgage-backed securities with an average duration of three years or less.