JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Hits New 52-Week Low – Time to Sell?

JPMorgan Inflation Managed Bond ETF (BATS:JCPI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.54 and last traded at $47.63, with a volume of 37743 shares trading hands. The stock had previously closed at $47.68.

JPMorgan Inflation Managed Bond ETF Stock Down 0.1%

The firm has a 50 day moving average of $48.13 and a 200-day moving average of $48.33.

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. AE Wealth Management LLC raised its holdings in shares of JPMorgan Inflation Managed Bond ETF by 69.1% in the fourth quarter. AE Wealth Management LLC now owns 86,628 shares of the company’s stock valued at $4,175,000 after acquiring an additional 35,406 shares in the last quarter. Kavar Capital Partners Group LLC purchased a new stake in JPMorgan Inflation Managed Bond ETF in the first quarter worth about $1,129,000. Avior Wealth Management LLC lifted its stake in JPMorgan Inflation Managed Bond ETF by 589.8% in the fourth quarter. Avior Wealth Management LLC now owns 95,847 shares of the company’s stock worth $4,619,000 after acquiring an additional 81,953 shares during the period. CWM LLC grew its holdings in JPMorgan Inflation Managed Bond ETF by 1,998.9% during the 4th quarter. CWM LLC now owns 11,061 shares of the company’s stock worth $533,000 after acquiring an additional 10,534 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in JPMorgan Inflation Managed Bond ETF by 44.8% during the 1st quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock worth $4,917,000 after acquiring an additional 31,431 shares in the last quarter.

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. JCPI was launched on Mar 31, 2010 and is managed by JPMorgan Chase.