JPMorgan Core Plus Bond ETF (BATS:JCPB) Hits New 12-Month Low – Time to Sell?

JPMorgan Core Plus Bond ETF (BATS:JCPB) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $46.15 and last traded at $46.17, with a volume of 63873 shares changing hands. The stock had previously closed at $46.30.

JPMorgan Core Plus Bond ETF Price Performance

The company has a market capitalization of $6.78 billion, a PE ratio of 60.35 and a beta of 0.24. The firm’s fifty day simple moving average is $46.69 and its 200 day simple moving average is $47.11.

Hedge Funds Weigh In On JPMorgan Core Plus Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Econ Financial Services Corp lifted its stake in shares of JPMorgan Core Plus Bond ETF by 30.0% in the first quarter. Econ Financial Services Corp now owns 241,594 shares of the company’s stock worth $11,374,000 after buying an additional 55,693 shares in the last quarter. Voisard Asset Management Group Inc. grew its stake in JPMorgan Core Plus Bond ETF by 5.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 653,833 shares of the company’s stock valued at $30,959,000 after acquiring an additional 35,196 shares in the last quarter. Embree Financial Group grew its stake in JPMorgan Core Plus Bond ETF by 38.1% during the 4th quarter. Embree Financial Group now owns 125,694 shares of the company’s stock valued at $5,952,000 after acquiring an additional 34,693 shares in the last quarter. Legacy Wealth Management Inc raised its holdings in JPMorgan Core Plus Bond ETF by 5.2% in the 4th quarter. Legacy Wealth Management Inc now owns 3,729,750 shares of the company’s stock valued at $176,604,000 after acquiring an additional 182,776 shares during the last quarter. Finally, Apella Capital LLC raised its holdings in JPMorgan Core Plus Bond ETF by 12.7% in the 4th quarter. Apella Capital LLC now owns 262,335 shares of the company’s stock valued at $12,422,000 after acquiring an additional 29,564 shares during 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.