JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Shares Up 0.9% – Here’s Why

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) was up 0.9% on Monday . The stock traded as high as $46.88 and last traded at $46.94. Approximately 7,134 shares traded hands during trading, The stock had previously closed at $46.53.

JPMorgan Inflation Managed Bond ETF Trading Up 0.9 %

The stock’s 50-day moving average price is $46.96 and its 200 day moving average price is $47.25.

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

A number of large investors have recently bought and sold shares of JCPI. Bank of Montreal Can increased its position in shares of JPMorgan Inflation Managed Bond ETF by 1,260.0% during the 2nd quarter. Bank of Montreal Can now owns 13,600 shares of the company’s stock worth $635,000 after purchasing an additional 12,600 shares during the last quarter. Halpern Financial Inc. grew its stake in shares of JPMorgan Inflation Managed Bond ETF by 2.5% in the third quarter. Halpern Financial Inc. now owns 224,635 shares of the company’s stock valued at $10,779,000 after buying an additional 5,477 shares in the last quarter. Kavar Capital Partners Group LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF in the 3rd quarter valued at about $2,367,000. Nations Financial Group Inc. IA ADV bought a new stake in JPMorgan Inflation Managed Bond ETF in the third quarter valued at approximately $237,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of JPMorgan Inflation Managed Bond ETF by 15.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 22,995 shares of the company’s stock worth $1,104,000 after acquiring an additional 3,131 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.