JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Strong Trading Volume – What’s Next?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares saw unusually-strong trading volume on Friday . Approximately 2,618,653 shares traded hands during trading, an increase of 945% from the previous session’s volume of 250,646 shares.The stock last traded at $38.34 and had previously closed at $38.24.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

The company’s 50-day simple moving average is $38.73 and its 200 day simple moving average is $39.34.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

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