Oppenheimer & Co. Inc. bought a new stake in shares of JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI – Free Report) in the third quarter, HoldingsChannel.com reports. The firm bought 12,650 shares of the company’s stock, valued at approximately $583,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of JCPI. Private Advisor Group LLC boosted its stake in shares of JPMorgan Inflation Managed Bond ETF by 44.8% in the 1st quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock worth $4,917,000 after buying an additional 31,431 shares during the last quarter. Ocean Park Asset Management LLC bought a new position in JPMorgan Inflation Managed Bond ETF in the second quarter valued at about $3,182,000. HB Wealth Management LLC lifted its holdings in 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. Integrated Wealth Concepts LLC lifted its holdings in JPMorgan Inflation Managed Bond ETF by 45.8% in the second quarter. Integrated Wealth Concepts LLC now owns 58,424 shares of the company’s stock valued at $2,796,000 after acquiring an additional 18,339 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in 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 purchasing an additional 4,814 shares during the last quarter.
JPMorgan Inflation Managed Bond ETF Price Performance
Shares of NYSEARCA:JCPI opened at $46.45 on Thursday. The stock’s 50-day simple moving average is $46.64 and its two-hundred day simple moving average is $47.79. JPMorgan Inflation Managed Bond ETF has a 52-week low of $45.78 and a 52-week high of $50.95.
JPMorgan Inflation Managed Bond ETF Company Profile
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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