Spire Wealth Management Cuts Position in JPMorgan Core Plus Bond ETF $JCPB

Spire Wealth Management cut its stake in JPMorgan Core Plus Bond ETF (BATS:JCPB) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 419,693 shares of the company’s stock after selling 55,351 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Core Plus Bond ETF were worth $19,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JCPB. HB Wealth Management LLC increased its holdings in shares of JPMorgan Core Plus Bond ETF by 105.6% in the 2nd quarter. HB Wealth Management LLC now owns 7,766,678 shares of the company’s stock valued at $365,500,000 after acquiring an additional 3,988,832 shares during the period. Summit Financial Strategies Inc. increased its holdings in shares of JPMorgan Core Plus Bond ETF by 1,774.7% in the 1st quarter. Summit Financial Strategies Inc. now owns 1,926,980 shares of the company’s stock valued at $90,645,000 after acquiring an additional 1,824,189 shares during the period. HighTower Advisors LLC increased its holdings in shares of JPMorgan Core Plus Bond ETF by 97.7% in the 1st quarter. HighTower Advisors LLC now owns 2,804,192 shares of the company’s stock valued at $131,909,000 after acquiring an additional 1,385,428 shares during the period. Allen Capital Group LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF in the 1st quarter valued at $47,939,000. Finally, SouthState Corp purchased a new position in shares of JPMorgan Core Plus Bond ETF in the 1st quarter valued at $45,168,000.

JPMorgan Core Plus Bond ETF Trading Up 4.7%

Shares of BATS:JCPB opened at $47.77 on Thursday. JPMorgan Core Plus Bond ETF has a 12-month low of $45.51 and a 12-month high of $48.54. The business’s fifty day simple moving average is $47.53 and its 200-day simple moving average is $46.90. The company has a market capitalization of $7.02 billion, a PE ratio of 60.35 and a beta of 0.24.

About JPMorgan Core Plus Bond ETF

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.