Raymond James Financial Inc. Purchases Shares of 103,408 JPMorgan Inflation Managed Bond ETF (BATS:JCPI)

Raymond James Financial Inc. acquired a new position in shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 103,408 shares of the company’s stock, valued at approximately $4,839,000. Raymond James Financial Inc. owned 0.74% of JPMorgan Inflation Managed Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in JPMorgan Inflation Managed Bond ETF by 15.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,925 shares of the company’s stock valued at $137,000 after acquiring an additional 383 shares in the last quarter. MML Investors Services LLC raised its stake in shares of JPMorgan Inflation Managed Bond ETF by 9.5% during the third quarter. MML Investors Services LLC now owns 6,830 shares of the company’s stock valued at $328,000 after purchasing an additional 595 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in JPMorgan Inflation Managed Bond ETF in the fourth quarter worth about $33,000. Bill Few Associates Inc. lifted its holdings in JPMorgan Inflation Managed Bond ETF by 22.2% in the fourth quarter. Bill Few Associates Inc. now owns 13,201 shares of the company’s stock worth $618,000 after purchasing an additional 2,395 shares during the period. Finally, Flow Traders U.S. LLC grew its position in JPMorgan Inflation Managed Bond ETF by 15.8% in the 3rd 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 in the last quarter.

JPMorgan Inflation Managed Bond ETF Price Performance

Shares of BATS:JCPI opened at $47.81 on Wednesday. The stock’s 50 day moving average price is $47.39 and its 200 day moving average price is $47.33. JPMorgan Inflation Managed Bond ETF has a 12 month low of $45.81 and a 12 month high of $48.74.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1488 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.