JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sets New 52-Week Low – Should You Sell?

Shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $44.76 and last traded at $44.85, with a volume of 3125862 shares trading hands. The stock had previously closed at $45.05.

JPMorgan Core Plus Bond ETF Stock Performance

The firm has a market capitalization of $14.74 billion, a PE ratio of 60.35 and a beta of 0.26. The stock’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $46.52.

Hedge Funds Weigh In On JPMorgan Core Plus Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management purchased a new stake in JPMorgan Core Plus Bond ETF in the 4th quarter valued at $31,000. Root Financial Partners LLC raised its holdings in shares of JPMorgan Core Plus Bond ETF by 486.3% during the 4th quarter. Root Financial Partners LLC now owns 727 shares of the company’s stock worth $34,000 after acquiring an additional 603 shares during the period. Torren Management LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 1st quarter valued at about $37,000. Western Wealth Management LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 1st quarter valued at about $76,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the fourth quarter valued at about $80,000.

JPMorgan Core Plus Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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