N.E.W. Advisory Services LLC Has $7.13 Million Stock Position in JPMorgan Core Plus Bond ETF (BATS:JCPB)

N.E.W. Advisory Services LLC raised its stake in JPMorgan Core Plus Bond ETF (BATS:JCPB) by 14.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 154,718 shares of the company’s stock after buying an additional 19,297 shares during the period. N.E.W. Advisory Services LLC’s holdings in JPMorgan Core Plus Bond ETF were worth $7,128,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in JPMorgan Core Plus Bond ETF by 14.5% in the third quarter. Raymond James & Associates now owns 306,131 shares of the company’s stock valued at $14,768,000 after buying an additional 38,776 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Core Plus Bond ETF by 14.3% during the third quarter. JPMorgan Chase & Co. now owns 2,234,376 shares of the company’s stock valued at $107,786,000 after acquiring an additional 279,898 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of JPMorgan Core Plus Bond ETF by 33.4% during the third quarter. Private Advisor Group LLC now owns 9,957 shares of the company’s stock valued at $480,000 after acquiring an additional 2,494 shares during the last quarter. Concourse Financial Group Securities Inc. bought a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at $383,000.

JPMorgan Core Plus Bond ETF Price Performance

JCPB stock opened at $46.38 on Friday. The company’s 50-day simple moving average is $46.42 and its two-hundred day simple moving average is $47.06. The company has a market capitalization of $2.99 billion, a P/E 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.