JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Shares Down 0.7% – Time to Sell?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s stock price dropped 0.7% during mid-day trading on Tuesday . The company traded as low as $48.84 and last traded at $48.6660. Approximately 53,470 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 28,023 shares. The stock had previously closed at $49.03.

JPMorgan Inflation Managed Bond ETF Price Performance

The stock has a fifty day simple moving average of $48.82 and a 200-day simple moving average of $48.29.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at $26,000. Avalon Trust Co acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 2nd quarter valued at about $114,000. Gradient Capital Advisors LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 2nd quarter valued at about $200,000. Collier Financial purchased a new position in shares of JPMorgan Inflation Managed Bond ETF in the 3rd quarter valued at about $206,000. Finally, Private Advisor Group LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter worth about $219,000.

JPMorgan Inflation Managed Bond ETF Company Profile

The JPMorgan Inflation Managed Bond ETF (JCPI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to protect total return by holding a broad portfolio of US investment-grade bonds that is equivalent to those of inflation-protected securities. The actively managed fund makes use of swaps to hedge inflation risk.