JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares saw an uptick in trading volume on Thursday . 78,938 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 51,731 shares.The stock last traded at $38.12 and had previously closed at $38.04.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The stock’s 50-day moving average is $38.95 and its 200-day moving average is $39.40.

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

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 83.1% during the 3rd quarter. Raymond James & Associates now owns 393,207 shares of the company’s stock valued at $15,973,000 after acquiring an additional 178,507 shares during the last quarter. Janney Montgomery Scott LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 84.9% during the third quarter. Janney Montgomery Scott LLC now owns 121,235 shares of the company’s stock worth $4,925,000 after purchasing an additional 55,672 shares during the last quarter. RiverFront Investment Group LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 12.4% during the second quarter. RiverFront Investment Group LLC now owns 483,741 shares of the company’s stock worth $18,707,000 after purchasing an additional 53,272 shares during the last quarter. JPMorgan Chase & Co. raised its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 190.7% during the third quarter. JPMorgan Chase & Co. now owns 35,968 shares of the company’s stock worth $1,461,000 after purchasing an additional 23,597 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of 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 purchasing an additional 19,172 shares during 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.