Royal Bank of Canada lifted its stake in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI – Free Report) by 439.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,790 shares of the company’s stock after buying an additional 47,072 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan High Yield Municipal ETF were worth $2,880,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of JPMorgan High Yield Municipal ETF in the 4th quarter valued at $100,000. Strategic Financial Concepts LLC purchased a new stake in JPMorgan High Yield Municipal ETF in the fourth quarter valued at $220,000. Sanctuary Advisors LLC acquired a new position in JPMorgan High Yield Municipal ETF in the fourth quarter valued at $286,000. Laurel Oak Wealth Management LLC acquired a new position in JPMorgan High Yield Municipal ETF in the fourth quarter valued at $287,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of JPMorgan High Yield Municipal ETF during the fourth quarter worth about $292,000.
JPMorgan High Yield Municipal ETF Trading Down 0.4%
JMHI opened at $49.65 on Friday. The business’s 50-day simple moving average is $50.03 and its 200-day simple moving average is $50.17. JPMorgan High Yield Municipal ETF has a one year low of $49.01 and a one year high of $51.19.
JPMorgan High Yield Municipal ETF Company 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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