Bank of Montreal Can Has $635,000 Position in JPMorgan Inflation Managed Bond ETF (BATS:JCPI)

Bank of Montreal Can increased its position in shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) by 1,260.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,600 shares of the company’s stock after buying an additional 12,600 shares during the quarter. Bank of Montreal Can’s holdings in JPMorgan Inflation Managed Bond ETF were worth $635,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sage Rhino Capital LLC raised its holdings in 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 valued at $2,920,000 after acquiring an additional 871 shares in the last quarter. Olympus Wealth Management LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the second quarter valued at approximately $222,000. Finally, Halpern Financial Inc. raised its stake in shares of JPMorgan Inflation Managed Bond ETF by 4.9% in the second quarter. Halpern Financial Inc. now owns 219,158 shares of the company’s stock valued at $10,233,000 after purchasing an additional 10,305 shares in the last quarter.

JPMorgan Inflation Managed Bond ETF Stock Performance

JCPI opened at $47.53 on Wednesday. The business’s fifty day simple moving average is $47.63 and its two-hundred day simple moving average is $46.92.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1387 per share. The ex-dividend date of this dividend was Tuesday, September 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.