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

GGM Financials LLC raised its stake in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 41.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,901 shares of the company’s stock after purchasing an additional 15,130 shares during the period. JPMorgan High Yield Municipal ETF accounts for 1.3% of GGM Financials LLC’s portfolio, making the stock its 14th largest position. GGM Financials LLC owned about 1.13% of JPMorgan High Yield Municipal ETF worth $2,620,000 as of its most recent filing with the SEC.

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

JPMorgan High Yield Municipal ETF Price Performance

Shares of JMHI stock opened at $51.01 on Wednesday. The company’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.32. JPMorgan High Yield Municipal ETF has a 52 week low of $47.45 and a 52 week high of $51.50.

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 paid a $0.1733 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.