JPMorgan Chase & Co. Acquires 145,871 Shares of JPMorgan Inflation Managed Bond ETF $JCPI

JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,031,673 shares of the company’s stock after buying an additional 145,871 shares during the quarter. JPMorgan Chase & Co. owned 0.74% of JPMorgan Inflation Managed Bond ETF worth $538,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JCPI. MAI Capital Management raised its position in JPMorgan Inflation Managed Bond ETF by 1.8% in the second quarter. MAI Capital Management now owns 246,008 shares of the company’s stock worth $11,870,000 after acquiring an additional 4,429 shares during the period. AE Wealth Management LLC increased its stake in shares of JPMorgan Inflation Managed Bond ETF by 17,872.6% in the 3rd quarter. AE Wealth Management LLC now owns 51,222 shares of the company’s stock worth $2,499,000 after purchasing an additional 50,937 shares in the last quarter. Balanced Rock Investment Advisors LLC bought a new position in JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth $2,107,000. Envestnet Asset Management Inc. purchased a new position in JPMorgan Inflation Managed Bond ETF during the second quarter valued at $1,470,000. Finally, Avalon Trust Co bought a new stake in JPMorgan Inflation Managed Bond ETF during the second quarter valued at about $114,000.

JPMorgan Inflation Managed Bond ETF Stock Down 0.1%

BATS JCPI opened at $48.61 on Thursday. JPMorgan Inflation Managed Bond ETF has a 52 week low of $46.62 and a 52 week high of $52.00. The stock’s 50-day moving average price is $48.37 and its 200-day moving average price is $48.58.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0364 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 0.9%.

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.