JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Shares Down 0.1% – Here’s What Happened

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) traded down 0.1% during trading on Friday . The stock traded as low as $48.10 and last traded at $48.22. 21,627 shares traded hands during trading, a decline of 63% from the average session volume of 58,528 shares. The stock had previously closed at $48.25.

JPMorgan Inflation Managed Bond ETF Stock Down 0.1%

The firm’s fifty day simple moving average is $48.44 and its 200-day simple moving average is $48.46.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Inflation Managed Bond ETF in the fourth quarter worth $25,000. Royal Bank of Canada increased its holdings in JPMorgan Inflation Managed Bond ETF by 206.7% in the 4th quarter. Royal Bank of Canada now owns 1,009 shares of the company’s stock worth $49,000 after buying an additional 680 shares in the last quarter. Collier Financial bought a new stake in JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth about $206,000. J.W. Cole Advisors Inc. purchased a new position in JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth about $255,000. Finally, Citadel Advisors LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth about $275,000.

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.