Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI – Free Report) by 20.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 109,587 shares of the company’s stock after acquiring an additional 18,686 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan High Yield Municipal ETF were worth $5,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JPMorgan High Yield Municipal ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after buying an additional 35,110 shares during the last quarter. Boyum Wealth Architects LLC grew its stake in JPMorgan High Yield Municipal ETF by 36.8% during the 4th quarter. Boyum Wealth Architects LLC now owns 54,185 shares of the company’s stock worth $2,731,000 after buying an additional 14,581 shares during the last quarter. Elequin Capital LP bought a new position in JPMorgan High Yield Municipal ETF during the 3rd quarter worth $725,000. Jones Financial Companies Lllp grew its stake in JPMorgan High Yield Municipal ETF by 40.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 62,111 shares of the company’s stock worth $3,123,000 after buying an additional 17,784 shares during the last quarter. Finally, GGM Financials LLC grew its stake in JPMorgan High Yield Municipal ETF by 41.1% during the 3rd quarter. GGM Financials LLC now owns 51,901 shares of the company’s stock worth $2,620,000 after buying an additional 15,130 shares during the last quarter.
JPMorgan High Yield Municipal ETF Stock Performance
Shares of JMHI opened at $50.11 on Thursday. The stock has a fifty day moving average price of $49.97 and a 200 day moving average price of $50.31. JPMorgan High Yield Municipal ETF has a 12 month low of $48.74 and a 12 month high of $51.19.
JPMorgan High Yield Municipal ETF Profile
The JPMorgan High Yield Municipal ETF (JMHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that primarily invests in US municipal securities of varying maturities, exempt from federal income tax. The fund seeks to provide a high level of current income from high yield securities. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.
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