Riverchase Wealth Management LLC Purchases 432,567 Shares of JPMorgan Core Plus Bond ETF $JCPB

Riverchase Wealth Management LLC purchased a new stake in JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) in the third quarter, Holdings Channel reports. The institutional investor purchased 432,567 shares of the company’s stock, valued at approximately $19,370,000. JPMorgan Core Plus Bond ETF comprises about 9.4% of Riverchase Wealth Management LLC’s portfolio, making the stock its 2nd biggest position.

Other hedge funds also recently modified their holdings of the company. Torren Management LLC acquired a new position in JPMorgan Core Plus Bond ETF in the 1st quarter worth about $37,000. Blueline Advisors LLC acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at about $39,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at about $75,000. Western Wealth Management LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF during the first quarter worth about $76,000. Finally, Basepoint Wealth LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF during the first quarter worth about $91,000.

JPMorgan Core Plus Bond ETF Price Performance

JPMorgan Core Plus Bond ETF stock opened at $45.47 on Friday. The business has a 50 day moving average of $45.39 and a 200-day moving average of $46.58. JPMorgan Core Plus Bond ETF has a 1 year low of $44.40 and a 1 year high of $48.17. The company has a market capitalization of $16.33 billion, a P/E 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.