JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI – Get Free Report) shares hit a new 52-week low on Monday. The stock traded as low as $46.10 and last traded at $46.2490, with a volume of 4141 shares trading hands. The stock had previously closed at $46.23.
JPMorgan Inflation Managed Bond ETF Price Performance
The company’s 50-day simple moving average is $47.24 and its 200 day simple moving average is $47.89.
Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its position in JPMorgan Inflation Managed Bond ETF by 1.7% in the 1st quarter. Cetera Investment Advisers now owns 21,718 shares of the company’s stock worth $1,051,000 after buying an additional 353 shares during the period. HB Wealth Management LLC boosted its position in shares of JPMorgan Inflation Managed Bond ETF by 1.6% in the second quarter. HB Wealth Management LLC now owns 58,735 shares of the company’s stock valued at $3,124,000 after acquiring an additional 921 shares during the period. Kestra Private Wealth Services LLC grew its stake in shares of JPMorgan Inflation Managed Bond ETF by 3.8% in the first quarter. Kestra Private Wealth Services LLC now owns 58,218 shares of the company’s stock worth $2,817,000 after acquiring an additional 2,139 shares during the last quarter. Advisory Solutions Group LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF in the second quarter worth $226,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of JPMorgan Inflation Managed Bond ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 55,534 shares of the company’s stock worth $2,657,000 after acquiring an additional 4,814 shares during the last quarter.
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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