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 hit a new 52-week low during trading on Wednesday . The company traded as low as $47.60 and last traded at $47.68, with a volume of 10333 shares traded. The stock had previously closed at $47.70.

JPMorgan Inflation Managed Bond ETF Stock Performance

The company’s 50 day moving average price is $48.21 and its two-hundred day moving average price is $48.35.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2,646.2% in the fourth 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. LPL Financial LLC increased its position in JPMorgan Inflation Managed Bond ETF by 15.8% during the 4th quarter. LPL Financial LLC now owns 138,403 shares of the company’s stock valued at $6,670,000 after purchasing an additional 18,910 shares during the period. UBS Group AG increased its position in JPMorgan Inflation Managed Bond ETF by 0.7% during the 4th quarter. UBS Group AG now owns 134,177 shares of the company’s stock valued at $6,466,000 after purchasing an additional 952 shares during the period. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 18.0% in the 3rd quarter. Raymond James Financial Inc. now owns 132,270 shares of the company’s stock valued at $6,452,000 after purchasing an additional 20,150 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 44.8% in the 1st quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock valued at $4,917,000 after purchasing an additional 31,431 shares in 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.