JPMorgan Core Plus Bond ETF (BATS:JCPB) Hits New 1-Year Low – Here’s Why

JPMorgan Core Plus Bond ETF (BATS:JCPB)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $46.12 and last traded at $46.15, with a volume of 209591 shares trading hands. The stock had previously closed at $46.29.

JPMorgan Core Plus Bond ETF Trading Down 0.3%

The stock has a 50-day moving average price of $46.66 and a two-hundred day moving average price of $47.06. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 60.35 and a beta of 0.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new stake in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at $30,000. SHP Wealth Management acquired a new position in shares of JPMorgan Core Plus Bond ETF in the fourth quarter valued at about $31,000. Root Financial Partners LLC raised its stake in shares of JPMorgan Core Plus Bond ETF by 486.3% in the fourth quarter. Root Financial Partners LLC now owns 727 shares of the company’s stock worth $34,000 after purchasing an additional 603 shares during the last quarter. Fairway Wealth LLC acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the fourth quarter worth about $35,000. Finally, Oak Harbor Wealth Partners LLC purchased a new stake in JPMorgan Core Plus Bond ETF in the fourth quarter valued at approximately $36,000.

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.