JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Shares Break Below 50 Day Moving Average – Here’s Why

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $45.24 and traded as low as $45.03. JPMorgan Core Plus Bond ETF shares last traded at $45.05, with a volume of 2,629,873 shares traded.

JPMorgan Core Plus Bond ETF Price Performance

The stock’s 50-day simple moving average is $45.24 and its two-hundred day simple moving average is $46.48. The firm has a market capitalization of $17.54 billion, a P/E ratio of 60.35 and a beta of 0.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Factory Mutual Insurance Co. bought a new position in JPMorgan Core Plus Bond ETF in the 3rd quarter worth $357,493,000. Annex Advisory Services LLC bought a new stake in JPMorgan Core Plus Bond ETF during the third quarter valued at about $224,263,000. Legacy Wealth Management LLC bought a new stake in JPMorgan Core Plus Bond ETF during the third quarter valued at about $175,467,000. HighTower Advisors LLC bought a new stake in JPMorgan Core Plus Bond ETF during the third quarter valued at about $164,940,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF in the third quarter valued at about $140,086,000.

JPMorgan Core Plus Bond ETF Company 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.