Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $47.40 and last traded at $47.40, with a volume of 2586 shares. The stock had previously closed at $47.53.
JPMorgan Inflation Managed Bond ETF Stock Up 0.1%
The stock’s fifty day moving average is $47.95 and its 200-day moving average is $48.29.
Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF
Institutional investors have recently modified their holdings of the company. Ocean Park Asset Management LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 2nd quarter worth $3,182,000. Cetera Investment Advisers boosted its holdings in 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 acquiring an additional 353 shares during the period. Cornerstone Planning Group LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF in the first quarter valued at about $1,158,000. Private Advisor Group LLC grew its position in shares of JPMorgan Inflation Managed Bond ETF by 44.8% in the first 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 last quarter. Finally, Prism Advisors Inc. bought a new position in shares of JPMorgan Inflation Managed Bond ETF in the first 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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