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JPMorgan Active Bond ETF moves to NYSE for trading By Investing.com


© Reuters.

NEW YORK – J.P. Morgan Asset Management has announced that its JPMorgan Active Bond ETF (NYSE: JBND) will transfer its exchange listing from NYSE Arca to the New York Stock Exchange (NYSE) on January 30, 2024. The fund, which focuses on intermediate and long-term debt securities, particularly securitized debt, aims to maximize total return through a bottom-up, value-oriented investment approach.

Bryon Lake, of J.P. Morgan Asset Management Global ETF Solutions, stated that the move to list JBND on the NYSE aligns with the firm’s innovative strategy to aid investors in navigating the market. The NYSE’s floor-based trading model, which combines technology with human oversight, is expected to offer JBND investors benefits such as reduced auction variability, tighter spreads, and increased liquidity.

Douglas Yones, Head of Exchange Traded Products at the NYSE, welcomed JBND, noting that the NYSE’s trading floor merges world-class technology with human judgment, resulting in enhanced market quality for investors.

The fund’s ticker will remain unchanged, and the trading of the fund, as well as its shareholders, are not anticipated to be affected during the transfer process. No action is required from shareholders concerning this listing transfer.

J.P. Morgan Asset Management, with assets under management totaling $3.19 trillion as of September 30, 2023, is recognized for its global investment management services. JPMorgan Chase & Co. (NYSE:), the parent company, reported $3.9 trillion in assets and $313 billion in stockholders’ equity as of June 30, 2023, and operates under the J.P. Morgan and Chase brands.

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