JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Strong Trading Volume – Here’s Why

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares saw unusually-strong trading volume on Thursday . Approximately 178,841 shares traded hands during trading, an increase of 316% from the previous session’s volume of 42,965 shares.The stock last traded at $38.15 and had previously closed at $38.35.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The company has a 50 day moving average price of $39.23 and a 200 day moving average price of $39.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC raised its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 66.0% during the third quarter. TD Private Client Wealth LLC now owns 883 shares of the company’s stock worth $36,000 after acquiring an additional 351 shares during the last quarter. GAMMA Investing LLC raised its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 324.5% during the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock worth $168,000 after purchasing an additional 3,161 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at approximately $203,000. Marcum Wealth LLC acquired a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF during the 3rd quarter valued at $256,000. Finally, Convergence Financial LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 10.4% during the third quarter. Convergence Financial LLC now owns 7,368 shares of the company’s stock worth $299,000 after buying an additional 693 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.