JPMorgan High Yield Municipal ETF $JMHI Position Cut by Prentice Wealth Management LLC

Prentice Wealth Management LLC decreased its position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,356 shares of the company’s stock after selling 18,005 shares during the quarter. JPMorgan High Yield Municipal ETF comprises about 1.2% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Prentice Wealth Management LLC owned about 1.99% of JPMorgan High Yield Municipal ETF worth $5,399,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in JPMorgan High Yield Municipal ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock valued at $8,757,000 after purchasing an additional 35,110 shares during the last quarter. Boyum Wealth Architects LLC boosted its stake in JPMorgan High Yield Municipal ETF by 36.8% during the 4th quarter. Boyum Wealth Architects LLC now owns 54,185 shares of the company’s stock valued at $2,731,000 after purchasing an additional 14,581 shares during the period. Elequin Capital LP bought a new position in JPMorgan High Yield Municipal ETF in the 3rd quarter worth about $725,000. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan High Yield Municipal ETF by 20.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 109,587 shares of the company’s stock worth $5,507,000 after purchasing an additional 18,686 shares during the last quarter. Finally, Connecticut Capital Management Group LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter valued at approximately $665,000.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of NYSEARCA:JMHI opened at $50.33 on Wednesday. The firm’s 50 day moving average is $50.10 and its two-hundred day moving average is $50.28. JPMorgan High Yield Municipal ETF has a 52 week low of $48.74 and a 52 week high of $51.19.

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. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.