Northwestern Mutual Wealth Management Co. Acquires 23,129 Shares of JPMorgan High Yield Municipal ETF $JMHI

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 22.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,726 shares of the company’s stock after buying an additional 23,129 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 3.13% of JPMorgan High Yield Municipal ETF worth $6,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JMHI. Cetera Investment Advisers boosted its stake in shares of JPMorgan High Yield Municipal ETF by 15.6% during the 2nd quarter. Cetera Investment Advisers now owns 277,619 shares of the company’s stock worth $13,820,000 after acquiring an additional 37,553 shares during the last quarter. LPL Financial LLC raised its holdings in JPMorgan High Yield Municipal ETF by 27.8% in the 1st quarter. LPL Financial LLC now owns 134,638 shares of the company’s stock worth $6,799,000 after purchasing an additional 29,267 shares during the period. Prentice Wealth Management LLC lifted its position in JPMorgan High Yield Municipal ETF by 8.5% during the second quarter. Prentice Wealth Management LLC now owns 122,166 shares of the company’s stock valued at $6,081,000 after purchasing an additional 9,557 shares in the last quarter. Jane Street Group LLC grew its holdings in JPMorgan High Yield Municipal ETF by 28.5% during the first quarter. Jane Street Group LLC now owns 51,462 shares of the company’s stock valued at $2,599,000 after purchasing an additional 11,409 shares during the period. Finally, AdvisorNet Financial Inc increased its position in JPMorgan High Yield Municipal ETF by 11.2% in the second quarter. AdvisorNet Financial Inc now owns 46,197 shares of the company’s stock worth $2,300,000 after buying an additional 4,641 shares in the last quarter.

JPMorgan High Yield Municipal ETF Stock Down 0.2%

NYSEARCA JMHI opened at $50.40 on Wednesday. JPMorgan High Yield Municipal ETF has a 52 week low of $47.45 and a 52 week high of $51.50. The stock’s 50-day moving average price is $50.52 and its 200-day moving average price is $49.84.

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.