JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.13 and traded as high as $47.27. JPMorgan Inflation Managed Bond ETF shares last traded at $47.23, with a volume of 181,498 shares.

JPMorgan Inflation Managed Bond ETF Trading Up 0.5 %

The stock has a fifty day moving average of $47.49 and a 200 day moving average of $47.13.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1387 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Kavar Capital Partners Group LLC purchased a new position in shares of JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at about $2,367,000. Bank of Montreal Can grew its holdings in JPMorgan Inflation Managed Bond ETF by 1,260.0% during the second quarter. Bank of Montreal Can now owns 13,600 shares of the company’s stock worth $635,000 after acquiring an additional 12,600 shares during the period. Halpern Financial Inc. raised its position in JPMorgan Inflation Managed Bond ETF by 2.5% during the third quarter. Halpern Financial Inc. now owns 224,635 shares of the company’s stock valued at $10,779,000 after acquiring an additional 5,477 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in JPMorgan Inflation Managed Bond ETF by 1.4% in the second quarter. Sage Rhino Capital LLC now owns 62,531 shares of the company’s stock valued at $2,920,000 after acquiring an additional 871 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth approximately $237,000.

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.