JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Volume Increase

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw unusually-high trading volume on Friday . Approximately 251,499 shares traded hands during mid-day trading, an increase of 698% from the previous session’s volume of 31,509 shares.The stock last traded at $38.52 and had previously closed at $38.27.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Up 0.8 %

The company’s 50 day simple moving average is $38.76 and its 200 day simple moving average is $38.58.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several hedge funds have recently added to or reduced their stakes in JPMB. RiverFront Investment Group LLC acquired a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the first quarter valued at approximately $16,916,000. Raymond James & Associates acquired a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the first quarter valued at approximately $8,094,000. Baker Avenue Asset Management LP boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 20.1% in the third quarter. Baker Avenue Asset Management LP now owns 144,144 shares of the company’s stock valued at $5,370,000 after acquiring an additional 24,152 shares during the period. Hoylecohen LLC boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 3.1% in the third quarter. Hoylecohen LLC now owns 114,736 shares of the company’s stock valued at $4,274,000 after acquiring an additional 3,442 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% in the first quarter. McKinley Carter Wealth Services Inc. now owns 92,655 shares of the company’s stock valued at $3,639,000 after acquiring an additional 5,828 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.