JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sets New 52-Week Low – What’s Next?

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) shares hit a new 52-week low on Tuesday . The company traded as low as $45.37 and last traded at $45.44, with a volume of 2938172 shares. The stock had previously closed at $45.47.

JPMorgan Core Plus Bond ETF Price Performance

The stock’s 50 day simple moving average is $46.16 and its two-hundred day simple moving average is $46.69. The firm has a market cap of $13.74 billion, a P/E ratio of 60.35 and a beta of 0.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Econ Financial Services Corp increased its holdings in JPMorgan Core Plus Bond ETF by 30.0% in the 1st quarter. Econ Financial Services Corp now owns 241,594 shares of the company’s stock worth $11,374,000 after buying an additional 55,693 shares in the last quarter. Forum Private Client Group LLC lifted its stake in JPMorgan Core Plus Bond ETF by 5.1% during the 4th quarter. Forum Private Client Group LLC now owns 641,397 shares of the company’s stock valued at $30,370,000 after acquiring an additional 31,287 shares during the period. Hughes Financial Services LLC lifted its stake in JPMorgan Core Plus Bond ETF by 9.7% during the 4th quarter. Hughes Financial Services LLC now owns 1,434,023 shares of the company’s stock valued at $67,901,000 after acquiring an additional 126,349 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of JPMorgan Core Plus Bond ETF by 45.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 34,002 shares of the company’s stock valued at $1,610,000 after acquiring an additional 10,698 shares during the last quarter. Finally, Triad Wealth Partners LLC boosted its holdings in shares of JPMorgan Core Plus Bond ETF by 5.5% during the 1st quarter. Triad Wealth Partners LLC now owns 261,526 shares of the company’s stock valued at $12,313,000 after acquiring an additional 13,589 shares during the last quarter.

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.