JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Strong Trading Volume – Should You Buy?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares saw an uptick in trading volume on Thursday . 178,841 shares changed hands during mid-day 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 Price Performance

The stock’s 50-day moving average is $39.29 and its 200-day moving average is $39.45.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC boosted its stake in 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 purchasing an additional 351 shares in the last quarter. GAMMA Investing LLC grew its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 324.5% during the third quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock worth $168,000 after acquiring an additional 3,161 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter worth about $203,000. Marcum Wealth LLC acquired a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at about $256,000. Finally, Convergence Financial LLC boosted its position 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 valued at $299,000 after purchasing 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.