Sequoia Financial Advisors LLC Has $1.48 Million Position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Sequoia Financial Advisors LLC reduced its position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,623 shares of the company’s stock after selling 1,968 shares during the period. Sequoia Financial Advisors LLC’s holdings in JPMorgan High Yield Municipal ETF were worth $1,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in JPMorgan High Yield Municipal ETF during the fourth quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV acquired a new position in JPMorgan High Yield Municipal ETF during the first quarter valued at approximately $46,000. Signaturefd LLC acquired a new position in JPMorgan High Yield Municipal ETF during the fourth quarter valued at approximately $99,000. Skyline Advisors Inc. acquired a new position in JPMorgan High Yield Municipal ETF during the fourth quarter valued at approximately $217,000. Finally, Cora Capital Advisors LLC acquired a new position in JPMorgan High Yield Municipal ETF during the fourth quarter valued at approximately $386,000.

JPMorgan High Yield Municipal ETF Stock Performance

NYSEARCA JMHI traded up $0.11 during trading hours on Tuesday, hitting $50.41. 2,159 shares of the company traded hands, compared to its average volume of 11,784. The business’s 50-day moving average is $50.02 and its 200-day moving average is $49.67. JPMorgan High Yield Municipal ETF has a twelve month low of $45.94 and a twelve month high of $50.80.

JPMorgan High Yield Municipal ETF 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.