JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Unusually-High Trading Volume – Should You Buy?

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) shares saw strong trading volume on Friday. Approximately 4,412,448 shares traded hands during trading, an increase of 138% from the previous session’s volume of 1,855,633 shares. The stock last traded at $44.9410 and had previously closed at $44.98.

JPMorgan Core Plus Bond ETF Price Performance

The business’s 50-day moving average is $46.03 and its two-hundred day moving average is $46.59. The firm has a market cap of $14.79 billion, a P/E ratio of 60.35 and a beta of 0.26.

Institutional Trading of JPMorgan Core Plus Bond ETF

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