JPMorgan Inflation Managed Bond ETF (BATS:JCPI – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.40 and last traded at $47.40, with a volume of 2586 shares traded. The stock had previously closed at $47.53.
JPMorgan Inflation Managed Bond ETF Trading Up 0.1%
The firm’s 50 day moving average is $47.95 and its 200 day moving average is $48.29.
Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of JCPI. Ocean Park Asset Management LLC acquired a new position in shares of JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth $3,182,000. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 21,718 shares of the company’s stock valued at $1,051,000 after purchasing an additional 353 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of JPMorgan Inflation Managed Bond ETF in the 1st quarter valued at $1,158,000. Private Advisor Group LLC boosted its position in shares of JPMorgan Inflation Managed Bond ETF by 44.8% in the 1st quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock valued at $4,917,000 after purchasing an additional 31,431 shares during the period. Finally, Prism Advisors Inc. purchased a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter worth about $320,000.
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.
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