JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sets New 1-Year Low – Time to Sell?

Shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) reached a new 52-week low on Wednesday . The company traded as low as $45.77 and last traded at $45.7850, with a volume of 496400 shares changing hands. The stock had previously closed at $45.90.

JPMorgan Core Plus Bond ETF Trading Down 0.2%

The firm has a market cap of $13.86 billion, a P/E ratio of 60.35 and a beta of 0.26. The stock’s fifty day moving average is $46.30 and its two-hundred day moving average is $46.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCPB. Econ Financial Services Corp raised its position in shares of JPMorgan Core Plus Bond ETF by 30.0% in the 1st quarter. Econ Financial Services Corp now owns 241,594 shares of the company’s stock worth $11,374,000 after acquiring an additional 55,693 shares in the last quarter. Forum Private Client Group LLC raised its holdings in JPMorgan Core Plus Bond ETF by 5.1% in the fourth quarter. Forum Private Client Group LLC now owns 641,397 shares of the company’s stock worth $30,370,000 after purchasing an additional 31,287 shares in the last quarter. Hughes Financial Services LLC lifted its position in JPMorgan Core Plus Bond ETF by 9.7% during the fourth quarter. Hughes Financial Services LLC now owns 1,434,023 shares of the company’s stock valued at $67,901,000 after buying an additional 126,349 shares during the period. Blue Water Asset Management bought a new stake in shares of JPMorgan Core Plus Bond ETF during the 4th quarter valued at $20,213,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of JPMorgan Core Plus Bond ETF by 45.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 34,002 shares of the company’s stock worth $1,610,000 after acquiring an additional 10,698 shares in the last quarter.

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.