Raymond James Financial Inc. Invests $4.84 Million in JPMorgan Inflation Managed Bond ETF (BATS:JCPI)

Raymond James Financial Inc. acquired a new stake in JPMorgan Inflation Managed Bond ETF (BATS:JCPI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 103,408 shares of the company’s stock, valued at approximately $4,839,000.

Several other hedge funds have also recently added to or reduced their stakes in JCPI. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Inflation Managed Bond ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 10,754,429 shares of the company’s stock worth $516,320,000 after purchasing an additional 337,437 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in JPMorgan Inflation Managed Bond ETF during the 4th quarter worth $1,199,000. Jane Street Group LLC raised its stake in JPMorgan Inflation Managed Bond ETF by 59.0% during the 3rd quarter. Jane Street Group LLC now owns 38,862 shares of the company’s stock worth $1,866,000 after buying an additional 14,419 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in JPMorgan Inflation Managed Bond ETF by 15.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 49,050 shares of the company’s stock worth $2,296,000 after acquiring an additional 6,544 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in JPMorgan Inflation Managed Bond ETF by 15.8% in the third quarter. Flow Traders U.S. LLC now owns 22,995 shares of the company’s stock valued at $1,104,000 after acquiring an additional 3,131 shares during the period.

JPMorgan Inflation Managed Bond ETF Stock Up 2.8 %

BATS JCPI opened at $47.81 on Wednesday. JPMorgan Inflation Managed Bond ETF has a one year low of $45.81 and a one year high of $48.74. The stock’s 50-day moving average is $47.39 and its 200-day moving average is $47.33.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1488 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.