Raymond James Financial Inc. Invests $14.50 Million in JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB)

Raymond James Financial Inc. bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 381,056 shares of the company’s stock, valued at approximately $14,495,000. Raymond James Financial Inc. owned 2.44% of JPMorgan USD Emerging Markets Sovereign Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. RiverFront Investment Group LLC lifted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 10.6% during the 4th quarter. RiverFront Investment Group LLC now owns 1,033,698 shares of the company’s stock worth $39,322,000 after buying an additional 99,102 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 2,147.0% during the fourth quarter. JPMorgan Chase & Co. now owns 808,212 shares of the company’s stock worth $30,744,000 after purchasing an additional 772,244 shares during the last quarter. LPL Financial LLC increased its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 235,638 shares of the company’s stock worth $8,964,000 after purchasing an additional 4,190 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 4th quarter valued at about $1,191,000. Finally, Sharkey Howes & Javer grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% during the 4th quarter. Sharkey Howes & Javer now owns 17,255 shares of the company’s stock worth $656,000 after buying an additional 1,181 shares during the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of JPMB opened at $37.14 on Tuesday. The company’s 50 day simple moving average is $38.21 and its 200-day simple moving average is $38.64. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12-month low of $36.45 and a 12-month high of $40.73.

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.