JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) Sets New 12-Month Low – Here’s Why

JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) reached a new 52-week low on Tuesday . The company traded as low as $47.17 and last traded at $47.17, with a volume of 2876 shares traded. The stock had previously closed at $47.29.

JPMorgan Inflation Managed Bond ETF Stock Down 0.0%

The business has a 50 day simple moving average of $47.57 and a 200-day simple moving average of $48.11.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF in the 4th quarter valued at approximately $25,000. Royal Bank of Canada raised 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 buying an additional 680 shares during the period. Advisory Solutions Group LLC purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 2nd quarter valued at approximately $226,000. Citadel Advisors LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $275,000. Finally, Prism Advisors Inc. acquired a new position in JPMorgan Inflation Managed Bond ETF in the first quarter valued at approximately $320,000.

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.