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 shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 portfolio, making the stock its 3rd biggest holding. Summit Financial Strategies Inc. owned approximately 0.87% of JPMorgan Core Plus Bond ETF as of its most recent filing with the SEC.

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

JPMorgan Core Plus Bond ETF Price Performance

Shares of NYSEARCA JCPB opened at $44.86 on Thursday. The company has a market capitalization of $15.63 billion, a P/E ratio of 60.35 and a beta of 0.26. The company has a 50 day simple moving average of $45.60 and a 200-day simple moving average of $46.35. JPMorgan Core Plus Bond ETF has a 1 year low of $44.40 and a 1 year high of $48.17.

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.