JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Hits New 52-Week Low – Here’s Why

Shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.77 and last traded at $45.7850, with a volume of 496400 shares changing hands. The stock had previously closed at $45.90.

JPMorgan Core Plus Bond ETF Stock Performance

The stock has a 50-day moving average of $46.30 and a two-hundred day moving average of $46.79. The company has a market cap of $13.86 billion, a P/E ratio of 60.35 and a beta of 0.26.

Institutional Trading of JPMorgan Core Plus Bond ETF

Institutional investors have recently bought and sold shares of the company. OpenArc Corporate Advisory LLC bought a new stake in JPMorgan Core Plus Bond ETF during the 4th quarter valued at about $200,929,000. Dynasty Wealth Management LLC purchased a new stake in shares of JPMorgan Core Plus Bond ETF during the fourth quarter valued at approximately $176,371,000. Morgan Stanley grew its holdings in shares of JPMorgan Core Plus Bond ETF by 51.3% during the fourth quarter. Morgan Stanley now owns 6,423,061 shares of the company’s stock valued at $304,132,000 after buying an additional 2,177,142 shares during the last quarter. HB Wealth Management LLC increased its position in shares of JPMorgan Core Plus Bond ETF by 16.5% during the first quarter. HB Wealth Management LLC now owns 14,422,179 shares of the company’s stock valued at $676,223,000 after acquiring an additional 2,042,169 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of JPMorgan Core Plus Bond ETF by 21.9% during the fourth quarter. Raymond James Financial Inc. now owns 4,767,284 shares of the company’s stock valued at $225,731,000 after acquiring an additional 855,996 shares in the last quarter.

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.