Ocean Park Asset Management LLC Makes New $3.18 Million Investment in JPMorgan Inflation Managed Bond ETF $JCPI

Ocean Park Asset Management LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF (BATS:JCPI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,500 shares of the company’s stock, valued at approximately $3,182,000. Ocean Park Asset Management LLC owned 0.45% of JPMorgan Inflation Managed Bond ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JCPI. Cetera Investment Advisers lifted its stake in shares of JPMorgan Inflation Managed Bond ETF by 1.7% during the 1st quarter. Cetera Investment Advisers now owns 21,718 shares of the company’s stock worth $1,051,000 after acquiring an additional 353 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of JPMorgan Inflation Managed Bond ETF during the first quarter worth $1,158,000. Private Advisor Group LLC lifted its position in shares of JPMorgan Inflation Managed Bond ETF by 44.8% during the first quarter. Private Advisor Group LLC now owns 101,631 shares of the company’s stock worth $4,917,000 after purchasing an additional 31,431 shares during the last quarter. Prism Advisors Inc. purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF during the first quarter valued at $320,000. Finally, Systelligence LLC purchased a new stake in shares of JPMorgan Inflation Managed Bond ETF during the first quarter valued at $4,781,000.

JPMorgan Inflation Managed Bond ETF Stock Performance

BATS JCPI opened at $47.34 on Wednesday. JPMorgan Inflation Managed Bond ETF has a 12 month low of $47.20 and a 12 month high of $50.95. The company’s 50-day moving average price is $47.75 and its 200-day moving average price is $48.22.

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.