JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Reaches New 12-Month Low – Here’s Why

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares reached a new 52-week low on Friday . The stock 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 Stock Performance

The business’s 50 day simple moving average is $38.84 and its 200-day simple moving average is $39.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JPMB. TD Private Client Wealth LLC lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 66.0% in the third quarter. TD Private Client Wealth LLC now owns 883 shares of the company’s stock worth $36,000 after purchasing an additional 351 shares during the period. 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 buying an additional 3,161 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter valued at approximately $203,000. Marcum Wealth LLC acquired a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter worth approximately $256,000. Finally, Convergence Financial LLC grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 10.4% in 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.