JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Trading Down 1.5% – Should You Sell?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) dropped 1.5% during mid-day trading on Monday . The stock traded as low as $48.84 and last traded at $48.29. Approximately 53,470 shares traded hands during trading, an increase of 91% from the average daily volume of 28,023 shares. The stock had previously closed at $49.03.

JPMorgan Inflation Managed Bond ETF Trading Down 1.5%

The business has a fifty day simple moving average of $48.50 and a 200 day simple moving average of $48.50.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

Several large investors have recently added to or reduced their stakes in the company. CWM LLC acquired a new position in JPMorgan Inflation Managed Bond ETF in the third quarter worth $26,000. Avalon Trust Co bought a new position in shares of JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth about $114,000. Gradient Capital Advisors LLC acquired a new position in shares of JPMorgan Inflation Managed Bond ETF in the 2nd quarter valued at about $200,000. Collier Financial bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at about $206,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at about $255,000.

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.