JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Stock Price Down 0.4% – Time to Sell?

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) shares traded down 0.4% on Tuesday . The company traded as low as $40.14 and last traded at $40.16. 13,554 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 19,580 shares. The stock had previously closed at $40.34.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

The company’s fifty day simple moving average is $40.44 and its 200 day simple moving average is $40.04.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

Several hedge funds have recently added to or reduced their stakes in JPMB. Mather Group LLC. bought a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF during the third quarter worth about $28,000. Osaic Holdings Inc. increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after purchasing an additional 368 shares during the period. Convergence Financial LLC raised its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% in the second quarter. Convergence Financial LLC now owns 8,279 shares of the company’s stock valued at $323,000 after buying an additional 519 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% in the second quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after buying an additional 5,998 shares during the period. Finally, Pure Financial Advisors LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.8% in the second quarter. Pure Financial Advisors LLC now owns 15,337 shares of the company’s stock valued at $598,000 after buying an additional 1,363 shares during the period.

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. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.