JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) Hits New 12-Month Low – Here’s What Happened

JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $47.16 and last traded at $47.2070, with a volume of 13214 shares trading hands. The stock had previously closed at $47.33.

JPMorgan Inflation Managed Bond ETF Trading Down 0.3%

The business’s fifty day simple moving average is $47.49 and its 200-day simple moving average is $48.05.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in JPMorgan Inflation Managed Bond ETF by 2,646.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 563,353 shares of the company’s stock valued at $27,148,000 after purchasing an additional 542,839 shares in the last quarter. Systelligence LLC purchased a new position in shares of JPMorgan Inflation Managed Bond ETF in the 1st quarter worth about $4,781,000. Jane Street Group LLC purchased a new position in shares of JPMorgan Inflation Managed Bond ETF in the 4th quarter worth about $4,351,000. Ocean Park Asset Management LLC purchased a new position in shares of JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth about $3,182,000. Finally, Private Advisor Group LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at about $1,750,000.

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.