JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Reaches New 12-Month Low – Here’s What Happened

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) hit a new 52-week low on Wednesday . The stock traded as low as $47.63 and last traded at $47.74, with a volume of 6653 shares trading hands. The stock had previously closed at $48.09.

JPMorgan Inflation Managed Bond ETF Stock Down 0.2%

The stock has a 50 day moving average of $48.30 and a 200 day moving average of $48.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF in the 1st quarter valued at $395,000. Jane Street Group LLC raised its stake in JPMorgan Inflation Managed Bond ETF by 259.6% during the first quarter. Jane Street Group LLC now owns 32,110 shares of the company’s stock worth $1,545,000 after buying an additional 23,180 shares during the last quarter. MML Investors Services LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the second quarter valued at $1,410,000. Private Advisor Group LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at $1,750,000. Finally, UBS Group AG boosted its position in JPMorgan Inflation Managed Bond ETF by 3.6% during the third quarter. UBS Group AG now owns 133,225 shares of the company’s stock valued at $6,499,000 after acquiring an additional 4,650 shares during the last quarter.

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.