D.A. Davidson & CO. Makes New $29.26 Million Investment in JPMorgan Core Plus Bond ETF $JCPB

D.A. Davidson & CO. bought a new stake in JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) in the third quarter, HoldingsChannel reports. The fund bought 653,318 shares of the company’s stock, valued at approximately $29,256,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HB Wealth Management LLC lifted its position in JPMorgan Core Plus Bond ETF by 16.5% during the 1st quarter. HB Wealth Management LLC now owns 14,422,179 shares of the company’s stock worth $676,223,000 after buying an additional 2,042,169 shares in the last quarter. Annex Advisory Services LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth about $224,263,000. Legacy Wealth Management LLC boosted its stake in shares of JPMorgan Core Plus Bond ETF by 4.9% during the 2nd quarter. Legacy Wealth Management LLC now owns 4,057,660 shares of the company’s stock worth $190,467,000 after buying an additional 190,026 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $140,086,000. Finally, Summit Financial Strategies Inc. bought a new position in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $135,774,000.

JPMorgan Core Plus Bond ETF Price Performance

Shares of NYSEARCA JCPB opened at $45.35 on Thursday. The business has a 50-day moving average of $45.41 and a 200-day moving average of $46.59. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a fifty-two week low of $44.40 and a fifty-two week high of $48.17.

JPMorgan Core Plus Bond ETF Company Profile

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.