JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Reaches New 1-Year Low – Should You Sell?

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

JPMorgan Inflation Managed Bond ETF Price Performance

The firm’s fifty day moving average price is $47.85 and its two-hundred day moving average price is $48.25.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2,646.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 563,353 shares of the company’s stock valued at $27,148,000 after acquiring an additional 542,839 shares in the last quarter. Systelligence LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF in the first quarter worth approximately $4,781,000. Jane Street Group LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF in the fourth quarter worth approximately $4,351,000. Ocean Park Asset Management LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF in the second quarter valued at approximately $3,182,000. Finally, Private Advisor Group LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $1,750,000.

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.