Pacific Wealth Management Invests $10.07 Million in JPMorgan Core Plus Bond ETF (BATS:JCPB)

Pacific Wealth Management acquired a new stake in shares of JPMorgan Core Plus Bond ETF (BATS:JCPB) in the fourth quarter, Holdings Channel reports. The firm acquired 218,533 shares of the company’s stock, valued at approximately $10,068,000. JPMorgan Core Plus Bond ETF makes up approximately 5.3% of Pacific Wealth Management’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of JPMorgan Core Plus Bond ETF by 2.3% in the 4th quarter. Private Advisor Group LLC now owns 10,188 shares of the company’s stock valued at $469,000 after purchasing an additional 231 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in JPMorgan Core Plus Bond ETF by 0.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,731 shares of the company’s stock worth $2,936,000 after buying an additional 356 shares in the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Core Plus Bond ETF by 0.3% during the fourth quarter. LPL Financial LLC now owns 135,487 shares of the company’s stock worth $6,242,000 after buying an additional 375 shares during the period. Strategic Financial Concepts LLC boosted its position in JPMorgan Core Plus Bond ETF by 8.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,851 shares of the company’s stock valued at $223,000 after acquiring an additional 397 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in JPMorgan Core Plus Bond ETF by 5.0% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 9,353 shares of the company’s stock valued at $431,000 after acquiring an additional 442 shares in the last quarter.

JPMorgan Core Plus Bond ETF Stock Performance

Shares of JPMorgan Core Plus Bond ETF stock opened at $46.87 on Thursday. The company has a market capitalization of $5.93 billion, a PE ratio of 60.64 and a beta of 0.22. The company has a 50-day simple moving average of $46.66 and a two-hundred day simple moving average of $46.81. JPMorgan Core Plus Bond ETF has a one year low of $44.30 and a one year high of $48.54.

JPMorgan Core Plus Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1873 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

JPMorgan Core Plus Bond ETF 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.