JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Sets New 12-Month Low – Here’s What Happened

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.50 and last traded at $47.59, with a volume of 4568 shares changing hands. The stock had previously closed at $47.73.

JPMorgan Inflation Managed Bond ETF Trading Down 0.1%

The firm’s 50 day simple moving average is $48.02 and its two-hundred day simple moving average is $48.31.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in JPMorgan Inflation Managed Bond ETF by 1.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,400 shares of the company’s stock worth $790,000 after buying an additional 250 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 1.4% in the 4th quarter. Capital Analysts LLC now owns 19,079 shares of the company’s stock worth $919,000 after purchasing an additional 255 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of JPMorgan Inflation Managed Bond ETF by 1.7% during the 1st 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 last quarter. Clear Creek Financial Management LLC boosted its position in shares of JPMorgan Inflation Managed Bond ETF by 2.1% in the 4th quarter. Clear Creek Financial Management LLC now owns 22,220 shares of the company’s stock valued at $1,071,000 after purchasing an additional 448 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF during the fourth quarter valued at approximately $25,000.

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.