JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Hits New 12-Month Low – Should You Sell?

Shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) hit a new 52-week low on Wednesday. The stock traded as low as $45.37 and last traded at $45.3450, with a volume of 192086 shares traded. The stock had previously closed at $45.60.

JPMorgan Core Plus Bond ETF Stock Down 0.6%

The business’s 50-day simple moving average is $46.03 and its two-hundred day simple moving average is $46.59. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26.

Institutional Trading of JPMorgan Core Plus Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Dynasty Wealth Management LLC acquired a new stake in JPMorgan Core Plus Bond ETF in the 4th quarter valued at about $176,371,000. HB Wealth Management LLC boosted its stake in shares of 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 valued at $676,223,000 after buying an additional 2,042,169 shares during the period. Janney Montgomery Scott LLC grew its position in shares of JPMorgan Core Plus Bond ETF by 27.5% during 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 in the last quarter. First Washington CORP grew its position in shares of JPMorgan Core Plus Bond ETF by 88.6% during the first quarter. First Washington CORP now owns 1,545,169 shares of the company’s stock worth $72,747,000 after buying an additional 725,754 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of JPMorgan Core Plus Bond ETF by 23.6% during 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.

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.