Joseph Group Capital Management acquired a new position in shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 903,821 shares of the company’s stock, valued at approximately $40,473,000. JPMorgan Core Plus Bond ETF comprises 7.2% of Joseph Group Capital Management’s holdings, making the stock its 2nd largest position.
Other hedge funds also recently modified their holdings of the company. Factory Mutual Insurance Co. acquired a new stake in JPMorgan Core Plus Bond ETF in the third quarter valued at $357,493,000. Annex Advisory Services LLC bought a new position in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $224,263,000. Legacy Wealth Management LLC increased its stake in shares of JPMorgan Core Plus Bond ETF by 4.9% during 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 last quarter. Valeo Financial Advisors LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth about $140,086,000. Finally, Summit Financial Strategies Inc. acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth about $135,774,000.
JPMorgan Core Plus Bond ETF Stock Performance
Shares of JCPB stock opened at $45.64 on Tuesday. The firm’s 50-day moving average is $45.29 and its 200-day moving average is $46.52. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 52-week low of $44.40 and a 52-week high of $48.17.
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.
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