JPMorgan Core Plus Bond ETF (BATS:JCPB) Hits New 52-Week Low – Here’s What Happened

JPMorgan Core Plus Bond ETF (BATS:JCPB)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $46.15 and last traded at $46.17, with a volume of 63873 shares trading hands. The stock had previously closed at $46.30.

JPMorgan Core Plus Bond ETF Stock Performance

The firm has a market cap of $6.79 billion, a PE ratio of 60.35 and a beta of 0.24. The stock’s 50 day simple moving average is $46.67 and its 200 day simple moving average is $47.09.

Institutional Trading of JPMorgan Core Plus Bond ETF

Hedge funds have recently made changes to their positions in the stock. OpenArc Corporate Advisory LLC bought a new stake in JPMorgan Core Plus Bond ETF during the fourth quarter worth about $200,929,000. Dynasty Wealth Management LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF in the 4th quarter worth approximately $176,371,000. Morgan Stanley lifted its holdings in shares of JPMorgan Core Plus Bond ETF by 51.3% in the 4th quarter. Morgan Stanley now owns 6,423,061 shares of the company’s stock worth $304,132,000 after acquiring an additional 2,177,142 shares during the last quarter. 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 purchasing an additional 2,042,169 shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the 4th quarter valued at $68,173,000.

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.