Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $47.63 and last traded at $47.74, with a volume of 6653 shares trading hands. The stock had previously closed at $48.09.
JPMorgan Inflation Managed Bond ETF Price Performance
The firm has a fifty day moving average of $48.27 and a 200 day moving average of $48.36.
Institutional Trading of JPMorgan Inflation Managed Bond ETF
Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Inflation Managed Bond ETF during the 4th quarter valued at about $25,000. Royal Bank of Canada increased its position in JPMorgan Inflation Managed Bond ETF by 206.7% during the fourth quarter. Royal Bank of Canada now owns 1,009 shares of the company’s stock worth $49,000 after purchasing an additional 680 shares during the last quarter. Citadel Advisors LLC purchased a new position in JPMorgan Inflation Managed Bond ETF during the third quarter worth about $275,000. Prism Advisors Inc. acquired a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter valued at about $320,000. Finally, Integrated Wealth Concepts LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter valued at about $395,000.
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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