Prentice Wealth Management LLC lessened its holdings in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI – Free Report) by 70.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,290 shares of the company’s stock after selling 60,826 shares during the period. Prentice Wealth Management LLC’s holdings in JPMorgan High Yield Municipal ETF were worth $1,187,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stewardship Advisors LLC increased its holdings in JPMorgan High Yield Municipal ETF by 2.3% in the 3rd quarter. Stewardship Advisors LLC now owns 94,097 shares of the company’s stock valued at $4,417,000 after purchasing an additional 2,075 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in JPMorgan High Yield Municipal ETF in the third quarter valued at about $2,429,000. Farther Finance Advisors LLC raised its position in JPMorgan High Yield Municipal ETF by 21.3% in the third quarter. Farther Finance Advisors LLC now owns 8,491 shares of the company’s stock valued at $399,000 after purchasing an additional 1,491 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan High Yield Municipal ETF by 25.7% in the second quarter. Envestnet Asset Management Inc. now owns 30,500 shares of the company’s stock valued at $1,544,000 after purchasing an additional 6,227 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of JPMorgan High Yield Municipal ETF by 9.3% during the second quarter. NewEdge Advisors LLC now owns 32,834 shares of the company’s stock worth $1,663,000 after purchasing an additional 2,793 shares in the last quarter.
JPMorgan High Yield Municipal ETF Trading Up 0.0%
Shares of JMHI traded up $0.01 during midday trading on Tuesday, reaching $47.61. 40,747 shares of the company were exchanged, compared to its average volume of 45,603. JPMorgan High Yield Municipal ETF has a 1-year low of $46.26 and a 1-year high of $51.19. The stock has a 50-day moving average price of $48.26 and a 200-day moving average price of $49.42.
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.
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