JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI – Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $46.52 and last traded at $46.6690, with a volume of 36646 shares changing hands. The stock had previously closed at $46.59.
JPMorgan Inflation Managed Bond ETF Price Performance
The company has a 50-day simple moving average of $47.37 and a two-hundred day simple moving average of $47.96.
Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF
A number of hedge funds have recently made changes to their positions in the business. Kavar Capital Partners Group LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF during the first quarter worth about $1,129,000. Ocean Park Asset Management LLC bought a new stake in JPMorgan Inflation Managed Bond ETF in the second quarter worth about $3,182,000. Private Advisor Group LLC boosted its stake in 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 acquiring an additional 31,431 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the second quarter valued at about $796,000. Finally, Capital Analysts LLC grew its position in shares of JPMorgan Inflation Managed Bond ETF by 102.6% during the 2nd quarter. Capital Analysts LLC now owns 53,065 shares of the company’s stock valued at $2,539,000 after acquiring an additional 26,871 shares during the period.
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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