Summit Financial Strategies Inc. Buys New Stake in JPMorgan Core Plus Bond ETF (BATS:JCPB)

Summit Financial Strategies Inc. purchased a new position in shares of JPMorgan Core Plus Bond ETF (BATS:JCPB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 102,791 shares of the company’s stock, valued at approximately $4,736,000. JPMorgan Core Plus Bond ETF makes up 0.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 22nd biggest holding. Summit Financial Strategies Inc. owned about 0.16% of JPMorgan Core Plus Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JCPB. Raymond James & Associates increased its holdings in shares of JPMorgan Core Plus Bond ETF by 14.5% in the 3rd quarter. Raymond James & Associates now owns 306,131 shares of the company’s stock valued at $14,768,000 after acquiring an additional 38,776 shares during the period. JPMorgan Chase & Co. grew its position in JPMorgan Core Plus Bond ETF by 14.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,234,376 shares of the company’s stock worth $107,786,000 after purchasing an additional 279,898 shares during the last quarter. Private Advisor Group LLC increased its stake in JPMorgan Core Plus Bond ETF by 33.4% in the third quarter. Private Advisor Group LLC now owns 9,957 shares of the company’s stock valued at $480,000 after purchasing an additional 2,494 shares during the period. Ascent Group LLC raised its holdings in shares of JPMorgan Core Plus Bond ETF by 10.4% in the second quarter. Ascent Group LLC now owns 8,890 shares of the company’s stock valued at $412,000 after buying an additional 835 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the third quarter worth about $30,000.

JPMorgan Core Plus Bond ETF Price Performance

Shares of JCPB stock opened at $46.20 on Monday. The firm has a 50-day moving average of $46.42 and a 200-day moving average of $47.08. The firm has a market cap of $2.97 billion, a PE ratio of 2.20 and a beta of 0.17.

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.