JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Reaches New 1-Year Low – Should You Sell?

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) reached a new 52-week low on Tuesday . The company traded as low as $47.54 and last traded at $47.63, with a volume of 37743 shares. The stock had previously closed at $47.68.

JPMorgan Inflation Managed Bond ETF Price Performance

The stock has a 50 day moving average price of $48.09 and a two-hundred day moving average price of $48.32.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF in the fourth quarter valued at $25,000. Royal Bank of Canada increased its position in JPMorgan Inflation Managed Bond ETF by 206.7% during the fourth quarter. Royal Bank of Canada now owns 1,009 shares of the company’s stock worth $49,000 after acquiring an additional 680 shares during the period. Citadel Advisors LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $275,000. Prism Advisors Inc. acquired a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter valued at $320,000. Finally, Integrated Wealth Concepts LLC bought a new stake in JPMorgan Inflation Managed Bond ETF during the first quarter worth about $395,000.

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.