JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Trading Down 1.4% – Here’s What Happened

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) was down 1.4% during mid-day trading on Tuesday . The stock traded as low as $48.84 and last traded at $48.34. Approximately 53,470 shares traded hands during mid-day 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 1.4%

The company has a fifty day simple moving average of $48.39 and a two-hundred day simple moving average of $48.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCPI. CWM LLC purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter worth $26,000. Avalon Trust Co purchased a new stake in JPMorgan Inflation Managed Bond ETF during the second quarter worth approximately $114,000. Collier Financial acquired a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $206,000. J.W. Cole Advisors Inc. purchased a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $255,000. Finally, Citadel Advisors LLC purchased a new position in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $275,000.

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. JCPI was launched on Mar 31, 2010 and is managed by JPMorgan Chase.