JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Reaches New 52-Week Low – Here’s What Happened

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.24 and last traded at $47.30, with a volume of 6830 shares traded. The stock had previously closed at $47.49.

JPMorgan Inflation Managed Bond ETF Stock Down 0.5%

The company’s 50 day moving average price is $47.89 and its 200 day moving average price is $48.27.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the 4th quarter valued at approximately $25,000. Royal Bank of Canada raised its stake in shares of JPMorgan Inflation Managed Bond ETF by 206.7% in the fourth 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 in the last quarter. Citadel Advisors LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF in the third quarter valued at $275,000. Prism Advisors Inc. acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF in the first quarter valued at $320,000. Finally, Integrated Wealth Concepts LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the first quarter valued at $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.