Factory Mutual Insurance Co. Makes New Investment in JPMorgan Core Plus Bond ETF $JCPB

Factory Mutual Insurance Co. bought a new position in shares of JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,983,314 shares of the company’s stock, valued at approximately $357,493,000. JPMorgan Core Plus Bond ETF makes up about 3.2% of Factory Mutual Insurance Co.’s holdings, making the stock its 7th biggest position.

Other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC acquired a new stake in JPMorgan Core Plus Bond ETF during the third quarter worth approximately $224,263,000. Legacy Wealth Management LLC lifted its stake in JPMorgan Core Plus Bond ETF by 4.9% in the 2nd quarter. Legacy Wealth Management LLC now owns 4,057,660 shares of the company’s stock valued at $190,467,000 after purchasing an additional 190,026 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter worth $140,086,000. Summit Financial Strategies Inc. acquired a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter worth $135,774,000. Finally, Moss Adams Wealth Advisors LLC bought a new position in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at $135,707,000.

JPMorgan Core Plus Bond ETF Stock Performance

Shares of JCPB opened at $45.36 on Wednesday. JPMorgan Core Plus Bond ETF has a 52 week low of $44.40 and a 52 week high of $48.17. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26. The stock has a fifty day moving average of $45.35 and a 200-day moving average of $46.55.

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.