JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Stock Price Down 1.4% – Should You Sell?

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) were down 1.4% during trading on Tuesday . The company traded as low as $48.84 and last traded at $48.34. Approximately 53,470 shares traded hands during trading, an increase of 91% from the average daily volume of 28,023 shares. The stock had previously closed at $49.03.

JPMorgan Inflation Managed Bond ETF Price Performance

The company’s 50 day moving average is $48.39 and its 200-day moving average is $48.54.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in JPMorgan Inflation Managed Bond ETF by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 11,031,673 shares of the company’s stock worth $538,125,000 after acquiring an additional 145,871 shares during the period. MAI Capital Management grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2.9% during the 3rd quarter. MAI Capital Management now owns 253,242 shares of the company’s stock worth $12,353,000 after purchasing an additional 7,234 shares during the period. UBS Group AG increased its position in shares of JPMorgan Inflation Managed Bond ETF by 3.6% during the 3rd quarter. UBS Group AG now owns 133,225 shares of the company’s stock worth $6,499,000 after purchasing an additional 4,650 shares during the last quarter. Raymond James Financial Inc. raised its holdings in JPMorgan Inflation Managed Bond ETF by 18.0% in the 3rd quarter. Raymond James Financial Inc. now owns 132,270 shares of the company’s stock valued at $6,452,000 after buying an additional 20,150 shares during the period. Finally, Avior Wealth Management LLC lifted its position in JPMorgan Inflation Managed Bond ETF by 589.8% in the fourth quarter. Avior Wealth Management LLC now owns 95,847 shares of the company’s stock valued at $4,619,000 after buying an additional 81,953 shares during 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. JCPI was launched on Mar 31, 2010 and is managed by JPMorgan Chase.