JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB – Get Free Report) shares traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $39.81 and last traded at $39.86. 1,914 shares traded hands during trading, a decline of 83% from the average daily volume of 11,541 shares. The stock had previously closed at $39.90.
JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance
The business’s 50 day simple moving average is $40.01 and its 200-day simple moving average is $40.09.
Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. RiverFront Investment Group LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% in the 4th 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 period. ARQ Wealth Advisors LLC boosted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 53.2% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 76,238 shares of the company’s stock worth $3,077,000 after acquiring an additional 26,459 shares during the period. 5T Wealth LLC acquired a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF during the 4th quarter worth $287,000. Bank of America Corp DE grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% in the first quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock worth $8,041,000 after purchasing an additional 14,448 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 750.0% in the first quarter. Royal Bank of Canada now owns 2,550 shares of the company’s stock worth $100,000 after purchasing an additional 2,250 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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