JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Reaches New 12-Month Low – What’s Next?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s share price hit a new 52-week low on Wednesday . The company traded as low as $47.60 and last traded at $47.68, with a volume of 10333 shares. The stock had previously closed at $47.70.

JPMorgan Inflation Managed Bond ETF Stock Performance

The stock has a 50-day moving average of $48.17 and a 200-day moving average of $48.34.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of JCPI. Goldman Sachs Group Inc. grew its position in shares of JPMorgan Inflation Managed Bond ETF by 2,646.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 563,353 shares of the company’s stock worth $27,148,000 after acquiring an additional 542,839 shares during the last quarter. LPL Financial LLC lifted its position in JPMorgan Inflation Managed Bond ETF by 15.8% in the 4th quarter. LPL Financial LLC now owns 138,403 shares of the company’s stock valued at $6,670,000 after purchasing an additional 18,910 shares during the last quarter. UBS Group AG boosted its stake in JPMorgan Inflation Managed Bond ETF by 0.7% during the 4th quarter. UBS Group AG now owns 134,177 shares of the company’s stock valued at $6,466,000 after purchasing an additional 952 shares during the period. Raymond James Financial Inc. grew its position in JPMorgan Inflation Managed Bond ETF by 18.0% in the 3rd quarter. Raymond James Financial Inc. now owns 132,270 shares of the company’s stock worth $6,452,000 after purchasing an additional 20,150 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in JPMorgan Inflation Managed Bond ETF by 44.8% in the 1st quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock worth $4,917,000 after purchasing an additional 31,431 shares during the last quarter.

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.