Mission Wealth Management LP Reduces Position in JPMorgan Sustainable Municipal Income ETF $JMSI

Mission Wealth Management LP decreased its holdings in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,485 shares of the company’s stock after selling 11,515 shares during the period. Mission Wealth Management LP owned 1.82% of JPMorgan Sustainable Municipal Income ETF worth $5,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JMSI. Betterment LLC boosted its holdings in JPMorgan Sustainable Municipal Income ETF by 54.1% in the 2nd quarter. Betterment LLC now owns 1,134,628 shares of the company’s stock worth $56,073,000 after buying an additional 398,284 shares during the period. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Sustainable Municipal Income ETF by 20.3% during the second quarter. JPMorgan Chase & Co. now owns 642,615 shares of the company’s stock worth $31,758,000 after acquiring an additional 108,542 shares in the last quarter. ORG Partners LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter worth $2,209,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter valued at $1,503,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan Sustainable Municipal Income ETF by 123.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 36,878 shares of the company’s stock valued at $1,849,000 after purchasing an additional 20,383 shares in the last quarter.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JMSI opened at $50.62 on Tuesday. JPMorgan Sustainable Municipal Income ETF has a 52-week low of $47.72 and a 52-week high of $51.35. The stock’s 50-day simple moving average is $50.51 and its 200 day simple moving average is $50.10.

JPMorgan Sustainable Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be given a $0.1411 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, February 2nd.

About JPMorgan Sustainable Municipal Income ETF

The JPMorgan Sustainable Municipal Income ETF (JMSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily invests in sustainable municipal bonds exempt from federal income tax. The portfolio has an average weighted maturity of 3 to 15 years. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.