JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Shares Up 2.4% – Should You Buy?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s share price shot up 2.4% during mid-day trading on Monday . The stock traded as high as $46.88 and last traded at $47.65. 7,134 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 21,160 shares. The stock had previously closed at $46.53.

JPMorgan Inflation Managed Bond ETF Trading Up 2.4 %

The company’s 50-day simple moving average is $47.65 and its two-hundred day simple moving average is $47.30.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of JCPI. Jane Street Group LLC lifted its stake in JPMorgan Inflation Managed Bond ETF by 59.0% in the third quarter. Jane Street Group LLC now owns 38,862 shares of the company’s stock worth $1,866,000 after acquiring an additional 14,419 shares during the period. MML Investors Services LLC increased its position in shares of JPMorgan Inflation Managed Bond ETF by 9.5% during the third quarter. MML Investors Services LLC now owns 6,830 shares of the company’s stock valued at $328,000 after buying an additional 595 shares during the period. JPMorgan Chase & Co. raised its stake in JPMorgan Inflation Managed Bond ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 10,754,429 shares of the company’s stock worth $516,320,000 after buying an additional 337,437 shares in the last quarter. Bill Few Associates Inc. lifted its holdings in JPMorgan Inflation Managed Bond ETF by 22.2% in the fourth quarter. Bill Few Associates Inc. now owns 13,201 shares of the company’s stock worth $618,000 after buying an additional 2,395 shares during the period. Finally, Clear Creek Financial Management LLC bought a new stake in JPMorgan Inflation Managed Bond ETF during the 4th quarter valued at approximately $1,199,000.

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.