JPMorgan High Yield Municipal ETF $JMHI Shares Acquired by GGM Financials LLC

GGM Financials LLC raised its position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 41.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,901 shares of the company’s stock after buying an additional 15,130 shares during the quarter. JPMorgan High Yield Municipal ETF comprises 1.3% of GGM Financials LLC’s portfolio, making the stock its 14th largest position. GGM Financials LLC’s holdings in JPMorgan High Yield Municipal ETF were worth $2,620,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in JPMorgan High Yield Municipal ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after purchasing an additional 35,110 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the third quarter worth $485,000. Flagship Harbor Advisors LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the third quarter worth $375,000. Jones Financial Companies Lllp lifted its position in shares of JPMorgan High Yield Municipal ETF by 40.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 62,111 shares of the company’s stock worth $3,123,000 after buying an additional 17,784 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan High Yield Municipal ETF by 53.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,640 shares of the company’s stock valued at $2,146,000 after buying an additional 14,828 shares during the period.

JPMorgan High Yield Municipal ETF Stock Up 0.1%

Shares of NYSEARCA:JMHI opened at $51.01 on Wednesday. JPMorgan High Yield Municipal ETF has a fifty-two week low of $47.45 and a fifty-two week high of $51.50. The firm has a 50-day simple moving average of $50.53 and a 200 day simple moving average of $50.32.

JPMorgan High Yield Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1733 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.