Blue Water Asset Management Makes New Investment in JPMorgan Core Plus Bond ETF $JCPB

Blue Water Asset Management bought a new position in JPMorgan Core Plus Bond ETF (BATS:JCPB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 426,891 shares of the company’s stock, valued at approximately $20,213,000. JPMorgan Core Plus Bond ETF comprises approximately 7.3% of Blue Water Asset Management’s portfolio, making the stock its 2nd biggest holding. Blue Water Asset Management owned 0.29% of JPMorgan Core Plus Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JCPB. Qube Research & Technologies Ltd bought a new position in JPMorgan Core Plus Bond ETF in the 2nd quarter worth about $298,000. Betterment LLC increased its stake in JPMorgan Core Plus Bond ETF by 37.6% in the 2nd quarter. Betterment LLC now owns 84,519 shares of the company’s stock worth $3,977,000 after acquiring an additional 23,086 shares during the last quarter. Jane Street Group LLC increased its stake in JPMorgan Core Plus Bond ETF by 267.1% in the 2nd quarter. Jane Street Group LLC now owns 505,139 shares of the company’s stock worth $23,772,000 after acquiring an additional 367,551 shares during the last quarter. EP Wealth Advisors LLC increased its stake in JPMorgan Core Plus Bond ETF by 836.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 43,156 shares of the company’s stock worth $2,031,000 after acquiring an additional 38,546 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in JPMorgan Core Plus Bond ETF by 73.0% in the 2nd quarter. MML Investors Services LLC now owns 229,056 shares of the company’s stock worth $10,779,000 after acquiring an additional 96,657 shares during the last quarter.

JPMorgan Core Plus Bond ETF Stock Down 0.6%

Shares of BATS JCPB opened at $46.48 on Friday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 60.35 and a beta of 0.24. The stock’s 50-day simple moving average is $47.07 and its two-hundred day simple moving average is $47.40. JPMorgan Core Plus Bond ETF has a twelve month low of $45.85 and a twelve month high of $48.17.

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.