JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Sets New 12-Month Low – Time to Sell?

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

JPMorgan Inflation Managed Bond ETF Stock Performance

The business has a 50 day moving average price of $48.21 and a 200 day moving average price of $48.35.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the first quarter worth $395,000. Jane Street Group LLC grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 259.6% in the first quarter. Jane Street Group LLC now owns 32,110 shares of the company’s stock worth $1,545,000 after purchasing an additional 23,180 shares during the last quarter. MML Investors Services LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth about $1,410,000. Private Advisor Group LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth about $1,750,000. Finally, UBS Group AG lifted its holdings in JPMorgan Inflation Managed Bond ETF by 3.6% during the 3rd quarter. UBS Group AG now owns 133,225 shares of the company’s stock valued at $6,499,000 after buying an additional 4,650 shares in the last quarter.

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.