JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Shares Up 0.2% – Still a Buy?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares were up 0.2% during trading on Wednesday . The company traded as high as $39.02 and last traded at $38.91. 156,797 shares changed hands during trading, an increase of 953% from the average daily volume of 14,894 shares. The stock had previously closed at $38.85.

JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Up 0.2%

The stock has a fifty day moving average of $39.59 and a 200 day moving average of $39.80.

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

A number of hedge funds have recently made changes to their positions in JPMB. GAMMA Investing LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 138.0% during the 2nd quarter. GAMMA Investing LLC now owns 983 shares of the company’s stock valued at $40,000 after buying an additional 570 shares in the last quarter. Forthright Family Wealth Advisory LLC grew 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 valued at $1,167,000 after buying an additional 1,973 shares in the last quarter. ARQ Wealth Advisors LLC raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% during the 4th quarter. ARQ Wealth Advisors LLC now owns 78,456 shares of the company’s stock valued at $3,167,000 after acquiring an additional 2,218 shares during the period. Royal Bank of Canada raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 750.0% during the 1st quarter. Royal Bank of Canada now owns 2,550 shares of the company’s stock valued at $100,000 after acquiring an additional 2,250 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 38.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 9,093 shares of the company’s stock valued at $367,000 after acquiring an additional 2,531 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.