JPMorgan Inflation Managed Bond ETF (BATS:JCPI) Sets New 52-Week High – Still a Buy?

Shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) hit a new 52-week high on Wednesday . The company traded as high as $50.95 and last traded at $47.95, with a volume of 6467 shares changing hands. The stock had previously closed at $47.99.

JPMorgan Inflation Managed Bond ETF Stock Up 0.1%

The company has a 50-day simple moving average of $48.43 and a 200 day simple moving average of $48.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JCPI. Integrated Wealth Concepts LLC bought a new position in JPMorgan Inflation Managed Bond ETF in the 1st quarter worth approximately $395,000. Jane Street Group LLC increased its position in JPMorgan Inflation Managed Bond ETF by 259.6% in the 1st quarter. Jane Street Group LLC now owns 32,110 shares of the company’s stock worth $1,545,000 after buying an additional 23,180 shares during the period. MML Investors Services LLC bought a new position in JPMorgan Inflation Managed Bond ETF in the 2nd quarter worth approximately $1,410,000. Jones Financial Companies Lllp increased its position in JPMorgan Inflation Managed Bond ETF by 25.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 14,756 shares of the company’s stock worth $720,000 after buying an additional 3,037 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in JPMorgan Inflation Managed Bond ETF by 5.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,082 shares of the company’s stock worth $1,565,000 after buying an additional 1,618 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. JCPI was launched on Mar 31, 2010 and is managed by JPMorgan Chase.