Northwestern Mutual Wealth Management Co. Has $5.23 Million Stock Position in JPMorgan High Yield Municipal ETF $JMHI

Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 143.9% during the first quarter, HoldingsChannel.com reports. The firm owned 103,597 shares of the company’s stock after buying an additional 61,128 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan High Yield Municipal ETF were worth $5,231,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of JPMorgan High Yield Municipal ETF by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 4,943 shares of the company’s stock valued at $248,000 after buying an additional 217 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of JPMorgan High Yield Municipal ETF in the 1st quarter valued at $25,000. AdvisorNet Financial Inc increased its position in shares of JPMorgan High Yield Municipal ETF by 1.7% in the 1st quarter. AdvisorNet Financial Inc now owns 41,556 shares of the company’s stock valued at $2,098,000 after buying an additional 691 shares in the last quarter. StoneCrest Wealth Management Inc. increased its position in shares of JPMorgan High Yield Municipal ETF by 5.7% in the 1st quarter. StoneCrest Wealth Management Inc. now owns 14,524 shares of the company’s stock valued at $733,000 after buying an additional 777 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its position in shares of JPMorgan High Yield Municipal ETF by 2.9% in the 1st quarter. Independent Wealth Network Inc. now owns 33,917 shares of the company’s stock valued at $1,713,000 after buying an additional 971 shares in the last quarter.

JPMorgan High Yield Municipal ETF Stock Performance

JMHI opened at $49.34 on Thursday. JPMorgan High Yield Municipal ETF has a 12 month low of $47.45 and a 12 month high of $51.50. The company has a fifty day simple moving average of $49.32 and a 200 day simple moving average of $49.77.

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.