Econ Financial Services Corp Boosts Stock Position in JPMorgan Core Plus Bond ETF (BATS:JCPB)

Econ Financial Services Corp boosted its holdings in shares of JPMorgan Core Plus Bond ETF (BATS:JCPB) by 163.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,897 shares of the company’s stock after purchasing an additional 174,245 shares during the quarter. JPMorgan Core Plus Bond ETF comprises approximately 7.4% of Econ Financial Services Corp’s holdings, making the stock its largest position. Econ Financial Services Corp’s holdings in JPMorgan Core Plus Bond ETF were worth $12,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Management Inc increased its position in shares of JPMorgan Core Plus Bond ETF by 5.4% during the fourth quarter. Legacy Wealth Management Inc now owns 3,181,469 shares of the company’s stock valued at $146,570,000 after purchasing an additional 162,386 shares during the period. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Core Plus Bond ETF by 14.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,234,376 shares of the company’s stock valued at $107,786,000 after buying an additional 279,898 shares in the last quarter. Janney Montgomery Scott LLC raised its position in JPMorgan Core Plus Bond ETF by 16.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,928,429 shares of the company’s stock worth $88,843,000 after purchasing an additional 277,491 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in JPMorgan Core Plus Bond ETF by 15.7% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,869,799 shares of the company’s stock valued at $86,377,000 after purchasing an additional 253,902 shares in the last quarter. Finally, Grant Street Asset Management Inc. grew its stake in shares of JPMorgan Core Plus Bond ETF by 6.7% in the 3rd quarter. Grant Street Asset Management Inc. now owns 1,528,095 shares of the company’s stock valued at $73,715,000 after purchasing an additional 95,419 shares during the period.

JPMorgan Core Plus Bond ETF Price Performance

JPMorgan Core Plus Bond ETF stock opened at $46.33 on Wednesday. The stock’s 50 day moving average is $46.40 and its 200 day moving average is $47.06. The company has a market cap of $2.98 billion, a P/E ratio of 2.20 and a beta of 0.17.

JPMorgan Core Plus Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be paid a $0.1921 dividend. The ex-dividend date is Monday, February 3rd.

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.