Citizens Financial Group Inc. RI Buys 14,593 Shares of JPMorgan Inflation Managed Bond ETF $JCPI

Citizens Financial Group Inc. RI bought a new position in shares of JPMorgan Inflation Managed Bond ETF (NYSEARCA:JCPI) in the third quarter, HoldingsChannel reports. The institutional investor bought 14,593 shares of the company’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of JPMorgan Inflation Managed Bond ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 21,718 shares of the company’s stock valued at $1,051,000 after acquiring an additional 353 shares during the period. Farther Finance Advisors LLC bought a new stake in JPMorgan Inflation Managed Bond ETF during the 3rd quarter worth about $32,000. Bill Few Associates Inc. raised its holdings in JPMorgan Inflation Managed Bond ETF by 5.4% during the 3rd quarter. Bill Few Associates Inc. now owns 16,036 shares of the company’s stock worth $739,000 after purchasing an additional 823 shares during the last quarter. HB Wealth Management LLC lifted its position in JPMorgan Inflation Managed Bond ETF by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 58,735 shares of the company’s stock valued at $3,124,000 after purchasing an additional 921 shares during the period. Finally, Prism Advisors Inc. lifted its position in JPMorgan Inflation Managed Bond ETF by 25.7% during the 3rd quarter. Prism Advisors Inc. now owns 8,469 shares of the company’s stock valued at $392,000 after purchasing an additional 1,732 shares during the period.

JPMorgan Inflation Managed Bond ETF Stock Up 0.1%

Shares of NYSEARCA JCPI opened at $46.85 on Friday. JPMorgan Inflation Managed Bond ETF has a 1 year low of $45.78 and a 1 year high of $50.95. The firm’s 50-day moving average is $46.71 and its 200-day moving average is $47.82.

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.