Confluence Wealth Services Inc. Purchases 3,243,227 Shares of JPMorgan Core Plus Bond ETF $JCPB

Confluence Wealth Services Inc. purchased a new position in shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,243,227 shares of the company’s stock, valued at approximately $145,232,000. JPMorgan Core Plus Bond ETF comprises approximately 3.8% of Confluence Wealth Services Inc.’s portfolio, making the stock its 7th biggest holding. Confluence Wealth Services Inc. owned approximately 0.84% of JPMorgan Core Plus Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Factory Mutual Insurance Co. purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter worth $357,493,000. Annex Advisory Services LLC bought a new position in JPMorgan Core Plus Bond ETF in the 3rd quarter worth $224,263,000. Legacy Wealth Management LLC raised its holdings in JPMorgan Core Plus Bond ETF by 4.9% in 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 period. Valeo Financial Advisors LLC purchased a new position in JPMorgan Core Plus Bond ETF during the third quarter valued at $140,086,000. Finally, Summit Financial Strategies Inc. purchased a new position in JPMorgan Core Plus Bond ETF during the third quarter valued at $135,774,000.

JPMorgan Core Plus Bond ETF Stock Performance

NYSEARCA:JCPB opened at $45.33 on Wednesday. The stock has a 50-day simple moving average of $45.27 and a two-hundred day simple moving average of $46.50. JPMorgan Core Plus Bond ETF has a 52-week low of $44.40 and a 52-week high of $48.17. The firm has a market capitalization of $17.47 billion, a PE ratio of 60.35 and a beta of 0.26.

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.