JPMorgan Core Plus Bond ETF $JCPB Position Reduced by SouthState Bank Corp

SouthState Bank Corp reduced its holdings in JPMorgan Core Plus Bond ETF (BATS:JCPB) by 49.2% in the 3rd quarter, Holdings Channel reports. The fund owned 408,151 shares of the company’s stock after selling 395,505 shares during the period. JPMorgan Core Plus Bond ETF makes up about 0.9% of SouthState Bank Corp’s portfolio, making the stock its 29th biggest position. SouthState Bank Corp’s holdings in JPMorgan Core Plus Bond ETF were worth $19,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JCPB. HB Wealth Management LLC grew its holdings in JPMorgan Core Plus Bond ETF by 34.2% during the third quarter. HB Wealth Management LLC now owns 10,425,820 shares of the company’s stock valued at $495,748,000 after purchasing an additional 2,659,142 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in JPMorgan Core Plus Bond ETF by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,896,176 shares of the company’s stock valued at $183,354,000 after acquiring an additional 419,773 shares in the last quarter. Legacy Wealth Management Inc lifted its position in JPMorgan Core Plus Bond ETF by 7.0% in the third quarter. Legacy Wealth Management Inc now owns 3,546,974 shares of the company’s stock worth $168,659,000 after purchasing an additional 232,040 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in JPMorgan Core Plus Bond ETF by 121.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,264,660 shares of the company’s stock valued at $153,635,000 after acquiring an additional 1,789,454 shares during the period. Finally, Factory Mutual Insurance Co. grew its stake in shares of JPMorgan Core Plus Bond ETF by 49.5% in the 2nd quarter. Factory Mutual Insurance Co. now owns 3,216,300 shares of the company’s stock valued at $151,359,000 after purchasing an additional 1,065,000 shares during the period.

JPMorgan Core Plus Bond ETF Trading Up 3.7%

Shares of JPMorgan Core Plus Bond ETF stock opened at $47.28 on Thursday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 60.35 and a beta of 0.24. JPMorgan Core Plus Bond ETF has a 1-year low of $45.51 and a 1-year high of $48.54. The firm’s 50-day moving average price is $47.49 and its two-hundred day moving average price is $47.42.

JPMorgan Core Plus Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1973 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is an increase from JPMorgan Core Plus Bond ETF’s previous monthly dividend of $0.19.

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.