JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Reaches New 1-Year Low – What’s Next?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB)’s share price reached a new 52-week low on Friday . The company traded as low as $37.80 and last traded at $37.80, with a volume of 452 shares traded. The stock had previously closed at $37.96.

JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Down 0.1 %

The company has a fifty day moving average of $38.84 and a two-hundred day moving average of $39.37.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,139 shares of the company’s stock worth $25,141,000 after acquiring an additional 18,128 shares during the period. RiverFront Investment Group LLC raised its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 12.4% during the second quarter. RiverFront Investment Group LLC now owns 483,741 shares of the company’s stock worth $18,707,000 after purchasing an additional 53,272 shares during the period. Raymond James & Associates boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 83.1% in the 3rd quarter. Raymond James & Associates now owns 393,207 shares of the company’s stock valued at $15,973,000 after purchasing an additional 178,507 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 84.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 121,235 shares of the company’s stock valued at $4,925,000 after buying an additional 55,672 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 90.0% during the 3rd quarter. Stifel Financial Corp now owns 40,465 shares of the company’s stock worth $1,644,000 after buying an additional 19,172 shares during the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

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.