BankPlus Wealth Management LLC Invests $10.24 Million in JPMorgan Core Plus Bond ETF (BATS:JCPB)

BankPlus Wealth Management LLC purchased a new stake in shares of JPMorgan Core Plus Bond ETF (BATS:JCPB) in the fourth quarter, Holdings Channel reports. The firm purchased 222,210 shares of the company’s stock, valued at approximately $10,237,000. JPMorgan Core Plus Bond ETF makes up about 7.6% of BankPlus Wealth Management LLC’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates grew its position 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 worth $14,768,000 after buying an additional 38,776 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JPMorgan Core Plus Bond ETF by 14.3% in 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 in the last quarter. Private Advisor Group LLC increased its position in JPMorgan Core Plus Bond ETF by 33.4% during the 3rd 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 JPMorgan Core Plus Bond ETF by 10.4% in the 2nd quarter. Ascent Group LLC now owns 8,890 shares of the company’s stock worth $412,000 after purchasing an additional 835 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter worth about $30,000.

JPMorgan Core Plus Bond ETF Price Performance

Shares of BATS JCPB opened at $46.41 on Tuesday. The stock has a market capitalization of $2.99 billion, a PE ratio of 2.20 and a beta of 0.17. The company’s 50-day moving average is $46.42 and its 200-day moving average is $47.08.

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.