JPMorgan Core Plus Bond ETF $JCPB is Summit Financial Strategies Inc.’s 2nd Largest Position

Summit Financial Strategies Inc. lifted its position in JPMorgan Core Plus Bond ETF (BATS:JCPB) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,639,364 shares of the company’s stock after purchasing an additional 188,904 shares during the period. JPMorgan Core Plus Bond ETF comprises about 9.8% of Summit Financial Strategies Inc.’s portfolio, making the stock its 2nd biggest holding. Summit Financial Strategies Inc.’s holdings in JPMorgan Core Plus Bond ETF were worth $124,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OpenArc Corporate Advisory LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF in the fourth quarter worth about $200,929,000. Dynasty Wealth Management LLC acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the 4th quarter valued at about $176,371,000. Morgan Stanley grew its position in shares of JPMorgan Core Plus Bond ETF by 51.3% during the 4th quarter. Morgan Stanley now owns 6,423,061 shares of the company’s stock valued at $304,132,000 after acquiring an additional 2,177,142 shares during the period. HB Wealth Management LLC increased its stake in shares of JPMorgan Core Plus Bond ETF by 16.5% in the 1st quarter. HB Wealth Management LLC now owns 14,422,179 shares of the company’s stock valued at $676,223,000 after purchasing an additional 2,042,169 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Core Plus Bond ETF by 618.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,137,936 shares of the company’s stock valued at $101,381,000 after purchasing an additional 1,840,452 shares in the last quarter.

JPMorgan Core Plus Bond ETF Price Performance

BATS JCPB traded down $0.01 during trading hours on Friday, reaching $46.52. The company’s stock had a trading volume of 1,535,021 shares, compared to its average volume of 1,832,292. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 60.35 and a beta of 0.24. The company’s 50-day moving average is $46.76 and its two-hundred day moving average is $47.18. JPMorgan Core Plus Bond ETF has a 1-year low of $46.21 and a 1-year high of $48.17.

JPMorgan Core Plus Bond ETF Profile

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.