JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Stock Price Down 0.4% – What’s Next?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB)’s stock price fell 0.4% during trading on Tuesday . The stock traded as low as $40.14 and last traded at $40.16. 13,554 shares were traded during mid-day trading, a decline of 31% from the average session volume of 19,580 shares. The stock had previously closed at $40.34.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The business’s 50 day simple moving average is $40.44 and its two-hundred day simple moving average is $40.04.

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

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the 2nd quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after acquiring an additional 368 shares during the period. Pure Financial Advisors LLC grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 3.2% in the third quarter. Pure Financial Advisors LLC now owns 15,828 shares of the company’s stock worth $639,000 after purchasing an additional 491 shares during the last quarter. Convergence Financial LLC increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% in the second quarter. Convergence Financial LLC now owns 8,279 shares of the company’s stock valued at $323,000 after purchasing an additional 519 shares during the period. Mather Group LLC. bought a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF during the 3rd quarter worth $28,000. Finally, Royal Bank of Canada lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after buying an additional 1,421 shares during the period.

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.