Summit Financial Strategies Inc. Purchases 3,032,031 Shares of JPMorgan Core Plus Bond ETF $JCPB

Summit Financial Strategies Inc. purchased a new stake in JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,032,031 shares of the company’s stock, valued at approximately $135,774,000. JPMorgan Core Plus Bond ETF comprises approximately 9.4% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also modified their holdings of JCPB. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $850,000. Harbor Group Inc. acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at about $50,752,000. Aspen Wealth Management LLC acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at about $36,170,000. Shore Point Advisors LLC purchased a new position in JPMorgan Core Plus Bond ETF during the third quarter worth about $24,878,000. Finally, Firethorn Wealth Partners LLC purchased a new position in JPMorgan Core Plus Bond ETF during the third quarter worth about $495,000.

JPMorgan Core Plus Bond ETF Price Performance

Shares of JCPB stock opened at $44.86 on Thursday. JPMorgan Core Plus Bond ETF has a 1-year low of $44.40 and a 1-year high of $48.17. The firm has a market cap of $15.63 billion, a PE ratio of 60.35 and a beta of 0.26. The company has a 50-day moving average of $45.60 and a two-hundred day moving average of $46.35.

JPMorgan Core Plus Bond ETF 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.