JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Stock Price Down 0.1%

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) was down 0.1% during trading on Monday . The stock traded as low as $47.95 and last traded at $48.05. Approximately 1,487 shares changed hands during mid-day trading, The stock had previously closed at $48.09.

JPMorgan Inflation Managed Bond ETF Price Performance

The company has a 50 day moving average price of $47.42 and a 200 day moving average price of $46.82.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.1387 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On JPMorgan Inflation Managed Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Olympus Wealth Management LLC acquired a new stake in shares of JPMorgan Inflation Managed Bond ETF during the second quarter worth $222,000. Bank of Montreal Can grew its stake in shares of 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 purchasing an additional 12,600 shares during the period. Sage Rhino Capital LLC grew its stake in shares of JPMorgan Inflation Managed Bond ETF by 7.9% during the first quarter. Sage Rhino Capital LLC now owns 61,660 shares of the company’s stock worth $2,889,000 after purchasing an additional 4,526 shares during the period. Finally, Halpern Financial Inc. grew its stake in shares of JPMorgan Inflation Managed Bond ETF by 6.1% during the first quarter. Halpern Financial Inc. now owns 208,853 shares of the company’s stock worth $9,710,000 after purchasing an additional 11,970 shares during the period.

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.