JPMorgan Inflation Managed Bond ETF (BATS:JCPI – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.63 and last traded at $47.74, with a volume of 6653 shares trading hands. The stock had previously closed at $48.09.
JPMorgan Inflation Managed Bond ETF Stock Performance
The firm has a 50-day moving average of $48.30 and a 200 day moving average of $48.38.
Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 4th quarter worth approximately $25,000. Royal Bank of Canada lifted its position in shares of JPMorgan Inflation Managed Bond ETF by 206.7% during the 4th quarter. Royal Bank of Canada now owns 1,009 shares of the company’s stock valued at $49,000 after acquiring an additional 680 shares during the period. Citadel Advisors LLC acquired a new position in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at $275,000. Prism Advisors Inc. bought a new position in JPMorgan Inflation Managed Bond ETF during the first quarter worth $320,000. Finally, Integrated Wealth Concepts LLC bought a new position in JPMorgan Inflation Managed Bond ETF during the first quarter worth $395,000.
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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