JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Volume Increase – What’s Next?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares saw unusually-strong trading volume on Friday . Approximately 58,942 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 51,027 shares.The stock last traded at $38.30 and had previously closed at $38.43.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The stock has a 50-day moving average price of $39.07 and a 200-day moving average price of $39.42.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 83.1% during the third quarter. Raymond James & Associates now owns 393,207 shares of the company’s stock valued at $15,973,000 after purchasing an additional 178,507 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 84.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 121,235 shares of the company’s stock valued at $4,925,000 after buying an additional 55,672 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 12.4% in the 2nd quarter. RiverFront Investment Group LLC now owns 483,741 shares of the company’s stock worth $18,707,000 after buying an additional 53,272 shares during the period. JPMorgan Chase & Co. boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 190.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,968 shares of the company’s stock worth $1,461,000 after buying an additional 23,597 shares during the period. Finally, Stifel Financial Corp grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 90.0% in the 3rd quarter. Stifel Financial Corp now owns 40,465 shares of the company’s stock valued at $1,644,000 after buying an additional 19,172 shares in the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria.