Bank of Montreal Can Has $635,000 Position in JPMorgan Inflation Managed Bond ETF (BATS:JCPI)

Bank of Montreal Can raised its stake in shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) by 1,260.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,600 shares of the company’s stock after buying an additional 12,600 shares during the period. Bank of Montreal Can owned about 0.10% of JPMorgan Inflation Managed Bond ETF worth $635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JCPI. Halpern Financial Inc. lifted its holdings in shares of JPMorgan Inflation Managed Bond ETF by 6.1% during the 1st quarter. Halpern Financial Inc. now owns 208,853 shares of the company’s stock valued at $9,710,000 after buying an additional 11,970 shares during the last quarter. Olympus Wealth Management LLC bought a new position in JPMorgan Inflation Managed Bond ETF during the second quarter valued at approximately $222,000. Finally, Sage Rhino Capital LLC raised its position in JPMorgan Inflation Managed Bond ETF by 1.4% during 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 in the last quarter.

JPMorgan Inflation Managed Bond ETF Stock Up 0.2 %

BATS JCPI opened at $47.53 on Wednesday. The company has a 50-day simple moving average of $47.63 and a 200 day simple moving average of $46.92.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

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

JPMorgan Inflation Managed Bond ETF 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.