Vestmark Advisory Solutions Inc. Sells 1,402,356 Shares of JPMorgan Core Plus Bond ETF $JCPB

Vestmark Advisory Solutions Inc. cut its holdings in shares of JPMorgan Core Plus Bond ETF (BATS:JCPB) by 43.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,862,304 shares of the company’s stock after selling 1,402,356 shares during the quarter. JPMorgan Core Plus Bond ETF accounts for about 1.7% of Vestmark Advisory Solutions Inc.’s investment portfolio, making the stock its 8th largest holding. Vestmark Advisory Solutions Inc. owned 1.27% of JPMorgan Core Plus Bond ETF worth $88,553,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Clarity Wealth Advisors LLC boosted its holdings in shares of JPMorgan Core Plus Bond ETF by 17.0% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 191,243 shares of the company’s stock worth $9,094,000 after buying an additional 27,822 shares during the period. Apella Capital LLC raised its holdings in JPMorgan Core Plus Bond ETF by 996.2% in the 3rd quarter. Apella Capital LLC now owns 232,771 shares of the company’s stock worth $11,143,000 after acquiring an additional 211,536 shares during the period. BankPlus Wealth Management LLC lifted its position in JPMorgan Core Plus Bond ETF by 7.4% during the 3rd quarter. BankPlus Wealth Management LLC now owns 286,540 shares of the company’s stock worth $13,625,000 after acquiring an additional 19,730 shares during the last quarter. Alpine Bank Wealth Management lifted its position in JPMorgan Core Plus Bond ETF by 84.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 1,574,742 shares of the company’s stock worth $74,879,000 after acquiring an additional 720,527 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its holdings in JPMorgan Core Plus Bond ETF by 10.5% during the third quarter. Walkner Condon Financial Advisors LLC now owns 438,668 shares of the company’s stock valued at $20,859,000 after acquiring an additional 41,751 shares during the period.

JPMorgan Core Plus Bond ETF Stock Performance

Shares of BATS:JCPB opened at $47.90 on Friday. The stock’s 50-day moving average is $47.55 and its 200-day moving average is $47.49. The company has a market cap of $7.04 billion, a P/E ratio of 60.35 and a beta of 0.24. JPMorgan Core Plus Bond ETF has a 52-week low of $45.56 and a 52-week high of $48.01.

JPMorgan Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.1973 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.9%. 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.