JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Trading Down 0.1% – Here’s Why

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) traded down 0.1% on Friday . The company traded as low as $48.10 and last traded at $48.22. 21,627 shares were traded during mid-day trading, a decline of 63% from the average session volume of 58,528 shares. The stock had previously closed at $48.25.

JPMorgan Inflation Managed Bond ETF Price Performance

The business has a 50 day simple moving average of $48.44 and a two-hundred day simple moving average of $48.46.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JCPI. Goldman Sachs Group Inc. increased its stake in 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 worth $27,148,000 after purchasing an additional 542,839 shares during the period. JPMorgan Chase & Co. increased its stake in JPMorgan Inflation Managed Bond ETF by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 11,031,673 shares of the company’s stock worth $538,125,000 after purchasing an additional 145,871 shares during the period. Systelligence LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF in the first quarter worth $4,781,000. Jane Street Group LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF in the fourth quarter worth $4,351,000. Finally, Avior Wealth Management LLC increased its stake in JPMorgan Inflation Managed Bond ETF by 589.8% in the fourth quarter. Avior Wealth Management LLC now owns 95,847 shares of the company’s stock worth $4,619,000 after purchasing an additional 81,953 shares during the period.

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.