JPMorgan Core Plus Bond ETF (BATS:JCPB) Reaches New 52-Week High – Here’s Why
by Kim Johansen · The Markets DailyJPMorgan Core Plus Bond ETF (BATS:JCPB – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $48.01 and last traded at $48.0050, with a volume of 633485 shares traded. The stock had previously closed at $47.90.
JPMorgan Core Plus Bond ETF Stock Up 0.2%
The firm’s 50 day simple moving average is $47.55 and its 200 day simple moving average is $47.50. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 60.35 and a beta of 0.24.
JPMorgan Core Plus Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1973 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from JPMorgan Core Plus Bond ETF’s previous monthly dividend of $0.19.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of JCPB. Parkworth Wealth Management Inc. bought a new stake in shares of JPMorgan Core Plus Bond ETF during the second quarter valued at about $29,000. Imprint Wealth LLC acquired a new position in JPMorgan Core Plus Bond ETF during the 3rd quarter valued at about $30,000. GoalVest Advisory LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth about $33,000. Root Financial Partners LLC lifted its stake in shares of JPMorgan Core Plus Bond ETF by 486.3% in the 4th quarter. Root Financial Partners LLC now owns 727 shares of the company’s stock worth $34,000 after acquiring an additional 603 shares during the period. Finally, Fairway Wealth LLC acquired a new stake in shares of JPMorgan Core Plus Bond ETF in the 4th quarter worth approximately $35,000.
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.