Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $47.17 and last traded at $47.17, with a volume of 2876 shares. The stock had previously closed at $47.29.
JPMorgan Inflation Managed Bond ETF Stock Performance
The firm has a 50 day moving average price of $47.60 and a 200-day moving average price of $48.13.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of JCPI. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the fourth quarter worth approximately $25,000. Royal Bank of Canada boosted its stake in JPMorgan Inflation Managed Bond ETF by 206.7% in the fourth quarter. Royal Bank of Canada now owns 1,009 shares of the company’s stock valued at $49,000 after acquiring an additional 680 shares during the last quarter. Advisory Solutions Group LLC acquired a new stake in JPMorgan Inflation Managed Bond ETF during the 2nd quarter worth $226,000. Citadel Advisors LLC acquired a new stake in JPMorgan Inflation Managed Bond ETF during the 3rd quarter worth $275,000. Finally, Prism Advisors Inc. bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 1st quarter valued at $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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