NewEdge Advisors LLC Purchases 20,075 Shares of JPMorgan High Yield Municipal ETF $JMHI

NewEdge Advisors LLC increased its position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 201.4% during the first quarter, Holdings Channel reports. The institutional investor owned 30,041 shares of the company’s stock after purchasing an additional 20,075 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan High Yield Municipal ETF were worth $1,497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JMHI. Western Wealth Management LLC acquired a new stake in JPMorgan High Yield Municipal ETF in the first quarter valued at approximately $26,000. GGM Financials LLC lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 2.4% in the 4th quarter. GGM Financials LLC now owns 53,130 shares of the company’s stock worth $2,670,000 after purchasing an additional 1,229 shares in the last quarter. Citadel Advisors LLC grew its position in JPMorgan High Yield Municipal ETF by 22.5% in the 3rd quarter. Citadel Advisors LLC now owns 7,074 shares of the company’s stock valued at $357,000 after purchasing an additional 1,299 shares during the period. Janney Montgomery Scott LLC increased its stake in JPMorgan High Yield Municipal ETF by 17.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,182 shares of the company’s stock valued at $461,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in JPMorgan High Yield Municipal ETF during the 4th quarter valued at $100,000.

JPMorgan High Yield Municipal ETF Stock Performance

JMHI opened at $49.65 on Monday. JPMorgan High Yield Municipal ETF has a 1-year low of $49.01 and a 1-year high of $51.19. The company’s fifty day moving average price is $50.03 and its two-hundred day moving average price is $50.16.

About JPMorgan High Yield Municipal ETF

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.