JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Sets New 52-Week Low – Here’s Why

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.50 and last traded at $47.59, with a volume of 4568 shares trading hands. The stock had previously closed at $47.73.

JPMorgan Inflation Managed Bond ETF Trading Down 0.1%

The company has a 50 day moving average of $47.98 and a 200 day moving average of $48.30.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its stake in shares of JPMorgan Inflation Managed Bond ETF by 1.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 16,400 shares of the company’s stock worth $790,000 after buying an additional 250 shares during the period. Capital Analysts LLC lifted its stake in JPMorgan Inflation Managed Bond ETF by 1.4% in the fourth quarter. Capital Analysts LLC now owns 19,079 shares of the company’s stock worth $919,000 after acquiring an additional 255 shares during the last quarter. Cetera Investment Advisers lifted its stake in JPMorgan Inflation Managed Bond ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 21,718 shares of the company’s stock worth $1,051,000 after acquiring an additional 353 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in JPMorgan Inflation Managed Bond ETF by 2.1% in the fourth quarter. Clear Creek Financial Management LLC now owns 22,220 shares of the company’s stock worth $1,071,000 after acquiring an additional 448 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in JPMorgan Inflation Managed Bond ETF during the 4th quarter worth approximately $25,000.

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.