JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Trading Up 0.9% – Time to Buy?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s stock price shot up 0.9% during mid-day trading on Monday . The company traded as high as $46.88 and last traded at $46.94. 7,134 shares traded hands during trading, The stock had previously closed at $46.53.

JPMorgan Inflation Managed Bond ETF Price Performance

The firm’s fifty day moving average price is $46.96 and its two-hundred day moving average price is $47.25.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds have recently added to or reduced their stakes in JCPI. MML Investors Services LLC grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 9.5% in the third quarter. MML Investors Services LLC now owns 6,830 shares of the company’s stock worth $328,000 after purchasing an additional 595 shares during the last quarter. Bill Few Associates Inc. lifted its position in JPMorgan Inflation Managed Bond ETF by 22.2% during the fourth quarter. Bill Few Associates Inc. now owns 13,201 shares of the company’s stock valued at $618,000 after buying an additional 2,395 shares during the period. Flow Traders U.S. LLC grew its position in shares of JPMorgan Inflation Managed Bond ETF by 15.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 22,995 shares of the company’s stock worth $1,104,000 after buying an additional 3,131 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at about $237,000. Finally, Halpern Financial Inc. boosted its stake 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 worth $10,779,000 after acquiring an additional 5,477 shares in the last quarter.

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.