JPMorgan Core Plus Bond ETF (BATS:JCPB) Hits New 12-Month High – Here’s Why

JPMorgan Core Plus Bond ETF (BATS:JCPB)’s stock price hit 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 trading hands. The stock had previously closed at $47.90.

JPMorgan Core Plus Bond ETF Price Performance

The company has a market capitalization of $7.05 billion, a P/E ratio of 60.35 and a beta of 0.24. The company has a 50 day moving average of $47.58 and a 200-day moving average of $47.51.

JPMorgan Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1973 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from JPMorgan Core Plus Bond ETF’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JCPB. Parkworth Wealth Management Inc. purchased a new position in shares of JPMorgan Core Plus Bond ETF during the second quarter valued at about $29,000. Imprint Wealth LLC bought a new stake in JPMorgan Core Plus Bond ETF during the 3rd quarter valued at approximately $30,000. GoalVest Advisory LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth approximately $33,000. Root Financial Partners LLC grew its holdings in shares of JPMorgan Core Plus Bond ETF by 486.3% during 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 bought a new position 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.