JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Volume Increase – Should You Buy?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw unusually-strong trading volume on Thursday . Approximately 78,938 shares were traded 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 Up 0.4 %

The stock has a fifty day simple moving average of $39.00 and a 200 day simple moving average of $39.41.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of JPMB. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 650,139 shares of the company’s stock worth $25,141,000 after acquiring an additional 18,128 shares during the last quarter. Bank of Montreal Can bought a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the second quarter worth $386,000. Truist Financial Corp grew its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.4% in the second quarter. Truist Financial Corp now owns 28,780 shares of the company’s stock worth $1,113,000 after acquiring an additional 671 shares in 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 valued at $18,707,000 after acquiring an additional 53,272 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 324.5% in the third quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock worth $168,000 after buying an additional 3,161 shares during the period.

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.