JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) Sets New 52-Week Low – Time to Sell?

Shares of JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.16 and last traded at $47.2070, with a volume of 13214 shares. The stock had previously closed at $47.33.

JPMorgan Inflation Managed Bond ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $47.52 and a 200-day simple moving average of $48.07.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

Several institutional investors have recently made changes to their positions in JCPI. International Assets Investment Management LLC bought a new stake in JPMorgan Inflation Managed Bond ETF during the 4th quarter valued at approximately $25,000. Royal Bank of Canada boosted its stake 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 purchasing an additional 680 shares during the period. Advisory Solutions Group LLC bought a new position in JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth approximately $226,000. Citadel Advisors LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at approximately $275,000. Finally, Prism Advisors Inc. bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during 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.