SignalPoint Asset Management LLC Makes New Investment in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

SignalPoint Asset Management LLC bought a new position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 7,000 shares of the company’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc grew its position in JPMorgan High Yield Municipal ETF by 249.0% during the fourth quarter. AdvisorNet Financial Inc now owns 40,865 shares of the company’s stock valued at $2,052,000 after buying an additional 29,155 shares during the period. Prentice Wealth Management LLC boosted its stake in JPMorgan High Yield Municipal ETF by 28.8% in the third quarter. Prentice Wealth Management LLC now owns 92,257 shares of the company’s stock valued at $4,707,000 after acquiring an additional 20,627 shares during the last quarter. Cetera Investment Advisers grew its position in shares of JPMorgan High Yield Municipal ETF by 162.7% during the 2nd quarter. Cetera Investment Advisers now owns 31,530 shares of the company’s stock valued at $1,570,000 after acquiring an additional 19,527 shares during the period. Susquehanna International Group LLP increased its stake in shares of JPMorgan High Yield Municipal ETF by 15.6% during the 2nd quarter. Susquehanna International Group LLP now owns 104,646 shares of the company’s stock worth $5,210,000 after purchasing an additional 14,153 shares during the last quarter. Finally, StoneCrest Wealth Management Inc. bought a new stake in shares of JPMorgan High Yield Municipal ETF in the 3rd quarter worth approximately $601,000.

JPMorgan High Yield Municipal ETF Price Performance

Shares of NYSEARCA JMHI opened at $50.14 on Friday. The stock has a fifty day simple moving average of $50.51 and a two-hundred day simple moving average of $50.49. JPMorgan High Yield Municipal ETF has a 1-year low of $48.87 and a 1-year high of $51.16.

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.