JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Shares Up 0.9% – Still a Buy?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI)’s share price shot up 0.9% during mid-day trading on Monday . The company traded as high as $46.88 and last traded at $46.94. 7,134 shares were traded during trading, The stock had previously closed at $46.53.

JPMorgan Inflation Managed Bond ETF Price Performance

The stock has a 50 day moving average price of $46.96 and a 200 day moving average price of $47.25.

Institutional Trading of JPMorgan Inflation Managed Bond ETF

A number of hedge funds have recently added to or reduced their stakes in JCPI. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 337,437 shares in the last quarter. Halpern Financial Inc. boosted 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 valued at $10,779,000 after acquiring an additional 5,477 shares during the period. Kavar Capital Partners Group LLC acquired a new position in JPMorgan Inflation Managed Bond ETF during the 3rd quarter valued at approximately $2,367,000. Jane Street Group LLC grew its stake in JPMorgan Inflation Managed Bond ETF by 59.0% during the 3rd quarter. Jane Street Group LLC now owns 38,862 shares of the company’s stock worth $1,866,000 after buying an additional 14,419 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in JPMorgan Inflation Managed Bond ETF by 15.8% in the third quarter. Flow Traders U.S. LLC now owns 22,995 shares of the company’s stock worth $1,104,000 after buying an additional 3,131 shares during the period.

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.