Sierra Ocean LLC Buys 362,556 Shares of JPMorgan Core Plus Bond ETF $JCPB

Sierra Ocean LLC acquired a new position in JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 362,556 shares of the company’s stock, valued at approximately $16,235,000. JPMorgan Core Plus Bond ETF accounts for 10.0% of Sierra Ocean LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Factory Mutual Insurance Co. purchased a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter valued at approximately $357,493,000. Annex Advisory Services LLC purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the third quarter worth approximately $224,263,000. Legacy Wealth Management LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth approximately $175,467,000. Valeo Financial Advisors LLC bought a new position in JPMorgan Core Plus Bond ETF in the 3rd quarter valued at $140,086,000. Finally, Summit Financial Strategies Inc. bought a new position in JPMorgan Core Plus Bond ETF in the 3rd quarter valued at $135,774,000.

JPMorgan Core Plus Bond ETF Trading Down 0.1%

Shares of JCPB opened at $45.60 on Friday. The firm has a fifty day moving average price of $45.30 and a 200-day moving average price of $46.52. The firm has a market capitalization of $17.60 billion, a P/E ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 12-month low of $44.40 and a 12-month high of $48.17.

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.