JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Shares Climb 0.3% – Should You Buy?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB)’s stock price was up 0.3% during mid-day trading on Thursday. The stock traded as high as $38.00 and last traded at $37.98. Approximately 54,095 shares were traded during trading, an increase of 243% from the average daily volume of 15,770 shares. The stock had previously closed at $37.88.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The firm has a 50 day moving average of $39.16 and a 200-day moving average of $39.63.

Institutional Investors Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% during the first quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock worth $8,041,000 after acquiring an additional 14,448 shares during the last quarter. ARQ Wealth Advisors LLC increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% in the 1st quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock valued at $3,368,000 after acquiring an additional 7,351 shares during the last quarter. Hsbc Holdings PLC increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% in the 1st quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock valued at $1,462,000 after acquiring an additional 9,630 shares during the last quarter. Forthright Family Wealth Advisory LLC lifted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% in the 4th quarter. Forthright Family Wealth Advisory LLC now owns 28,906 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,973 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 42.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,186 shares of the company’s stock worth $578,000 after purchasing an additional 4,498 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.