JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Declares Dividend Increase – $0.20 Per Share

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) announced a dividend on Thursday, March 28th, NASDAQ reports. Investors of record on Tuesday, April 2nd will be paid a dividend of 0.1958 per share on Thursday, April 4th. The ex-dividend date is Monday, April 1st. This is a boost from JPMorgan Inflation Managed Bond ETF’s previous dividend of $0.13.

JPMorgan Inflation Managed Bond ETF Stock Performance

BATS:JCPI traded up $0.05 during mid-day trading on Friday, hitting $46.86. The stock had a trading volume of 52,227 shares. The stock has a fifty day simple moving average of $46.48 and a 200 day simple moving average of $45.90.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in JPMorgan Inflation Managed Bond ETF by 2,397.4% during the first quarter. Jane Street Group LLC now owns 4,118,291 shares of the company’s stock worth $195,578,000 after acquiring an additional 3,953,385 shares during the last quarter. LPL Financial LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF during the second quarter worth approximately $2,473,000. Captrust Financial Advisors bought a new position in shares of JPMorgan Inflation Managed Bond ETF during the second quarter worth approximately $1,518,000. Citadel Advisors LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF during the third quarter worth approximately $653,000. Finally, UBS Group AG increased its holdings in shares of JPMorgan Inflation Managed Bond ETF by 9.4% during the fourth quarter. UBS Group AG now owns 9,674 shares of the company’s stock worth $444,000 after purchasing an additional 834 shares during the period.

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.