JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $47.13 and traded as high as $47.27. JPMorgan Inflation Managed Bond ETF shares last traded at $47.23, with a volume of 181,498 shares.

JPMorgan Inflation Managed Bond ETF Trading Up 0.5 %

The business has a 50-day moving average of $47.49 and a 200 day moving average of $47.13.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On JPMorgan Inflation Managed Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Halpern Financial Inc. lifted its stake in JPMorgan Inflation Managed Bond ETF by 2.5% in 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 during the period. Sage Rhino Capital LLC lifted its position in shares of JPMorgan Inflation Managed Bond ETF by 1.4% in the 2nd quarter. Sage Rhino Capital LLC now owns 62,531 shares of the company’s stock worth $2,920,000 after purchasing an additional 871 shares during the period. Kavar Capital Partners Group LLC purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF in the 3rd quarter worth approximately $2,367,000. Jane Street Group LLC boosted its stake in shares of JPMorgan Inflation Managed Bond ETF by 59.0% during the third quarter. Jane Street Group LLC now owns 38,862 shares of the company’s stock valued at $1,866,000 after purchasing an additional 14,419 shares in the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in JPMorgan Inflation Managed Bond ETF by 15.8% during the third quarter. Flow Traders U.S. LLC now owns 22,995 shares of the company’s stock valued at $1,104,000 after buying an additional 3,131 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.