JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.42 and traded as low as $39.29. JPMorgan USD Emerging Markets Sovereign Bond ETF shares last traded at $39.38, with a volume of 8,492 shares traded.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

The company’s fifty day moving average is $39.60 and its 200-day moving average is $39.42.

Institutional Investors Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 650,139 shares of the company’s stock worth $25,141,000 after buying 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 2nd quarter. RiverFront Investment Group LLC now owns 483,741 shares of the company’s stock worth $18,707,000 after acquiring an additional 53,272 shares during the period. Raymond James & Associates lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 83.1% during the third 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 in the last quarter. Jane Street Group LLC bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the first quarter worth approximately $7,419,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 84.9% in the third quarter. Janney Montgomery Scott LLC now owns 121,235 shares of the company’s stock worth $4,925,000 after purchasing an additional 55,672 shares in 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.