JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB – Get Free Report)’s stock price dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $39.81 and last traded at $39.86. Approximately 1,914 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 11,541 shares. The stock had previously closed at $39.90.
JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance
The business has a 50 day simple moving average of $40.00 and a 200-day simple moving average of $40.09.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in JPMB. Bank of America Corp DE lifted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% in the 2nd quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after buying an additional 53,833 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the second quarter valued at $1,875,000. LPL Financial LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% during the fourth quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock valued at $2,771,000 after acquiring an additional 30,626 shares during the last quarter. RiverFront Investment Group LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% during the fourth quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock valued at $5,186,000 after acquiring an additional 16,642 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% during the 1st quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock worth $1,462,000 after purchasing an additional 9,630 shares in the last quarter.
About JPMorgan USD Emerging Markets Sovereign Bond ETF
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. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.
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