Kavar Capital Partners Group LLC Invests $2.37 Million in JPMorgan Inflation Managed Bond ETF (BATS:JCPI)

Kavar Capital Partners Group LLC purchased a new position in JPMorgan Inflation Managed Bond ETF (BATS:JCPI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,292 shares of the company’s stock, valued at approximately $2,367,000. Kavar Capital Partners Group LLC owned about 0.35% of JPMorgan Inflation Managed Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sage Rhino Capital LLC grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 1.4% during the 2nd quarter. Sage Rhino Capital LLC now owns 62,531 shares of the company’s stock valued at $2,920,000 after purchasing an additional 871 shares during the last quarter. Olympus Wealth Management LLC bought a new position in shares of JPMorgan Inflation Managed Bond ETF during the 2nd quarter valued at $222,000. Halpern Financial Inc. grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 2.5% during the 3rd quarter. Halpern Financial Inc. now owns 224,635 shares of the company’s stock valued at $10,779,000 after purchasing an additional 5,477 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of JPMorgan Inflation Managed Bond ETF by 1,260.0% during the 2nd quarter. Bank of Montreal Can now owns 13,600 shares of the company’s stock valued at $635,000 after purchasing an additional 12,600 shares during the last quarter.

JPMorgan Inflation Managed Bond ETF Stock Performance

JCPI stock opened at $47.30 on Friday. The firm’s 50 day simple moving average is $47.71 and its two-hundred day simple moving average is $47.00.

JPMorgan Inflation Managed Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a $0.1387 dividend. The ex-dividend date was Tuesday, September 3rd.

JPMorgan Inflation Managed Bond ETF 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.