JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sets New 1-Year Low – Time to Sell?

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPBGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.37 and last traded at $45.3450, with a volume of 192086 shares changing hands. The stock had previously closed at $45.60.

JPMorgan Core Plus Bond ETF Trading Down 0.8%

The company has a market cap of $14.68 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26. The business has a 50-day moving average price of $46.09 and a 200 day moving average price of $46.62.

Institutional Investors Weigh In On JPMorgan Core Plus Bond ETF

Several hedge funds have recently modified their holdings of the stock. HB Wealth Management LLC increased its stake in JPMorgan Core Plus Bond ETF by 16.5% in the 1st quarter. HB Wealth Management LLC now owns 14,422,179 shares of the company’s stock worth $676,223,000 after purchasing an additional 2,042,169 shares in the last quarter. Legacy Wealth Management LLC lifted its stake in JPMorgan Core Plus Bond ETF by 4.9% during the second quarter. Legacy Wealth Management LLC now owns 4,057,660 shares of the company’s stock valued at $190,467,000 after buying an additional 190,026 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in JPMorgan Core Plus Bond ETF during the fourth quarter valued at about $176,371,000. Mariner LLC boosted its holdings in shares of JPMorgan Core Plus Bond ETF by 23.6% in the fourth quarter. Mariner LLC now owns 3,632,956 shares of the company’s stock worth $172,020,000 after buying an additional 694,145 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of JPMorgan Core Plus Bond ETF by 27.5% in the first quarter. Janney Montgomery Scott LLC now owns 3,568,823 shares of the company’s stock worth $168,020,000 after buying an additional 769,266 shares during the period.

About JPMorgan Core Plus Bond ETF

(Get Free Report)

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.

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