JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Sets New 52-Week High – Still a Buy?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $50.95 and last traded at $47.95, with a volume of 6467 shares traded. The stock had previously closed at $47.99.

JPMorgan Inflation Managed Bond ETF Stock Up 0.1%

The company has a 50-day simple moving average of $48.43 and a 200 day simple moving average of $48.44.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of JPMorgan Inflation Managed Bond ETF by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 11,031,673 shares of the company’s stock valued at $538,125,000 after purchasing an additional 145,871 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2,646.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 563,353 shares of the company’s stock worth $27,148,000 after acquiring an additional 542,839 shares during the period. MAI Capital Management lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2.9% during the 3rd quarter. MAI Capital Management now owns 253,242 shares of the company’s stock worth $12,353,000 after acquiring an additional 7,234 shares during the period. LPL Financial LLC lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 15.8% during the 4th quarter. LPL Financial LLC now owns 138,403 shares of the company’s stock worth $6,670,000 after acquiring an additional 18,910 shares during the period. Finally, UBS Group AG lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 0.7% during the 4th quarter. UBS Group AG now owns 134,177 shares of the company’s stock worth $6,466,000 after acquiring an additional 952 shares during the period.

About JPMorgan Inflation Managed Bond ETF

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. JCPI was launched on Mar 31, 2010 and is managed by JPMorgan Chase.