Sequoia Financial Advisors LLC Sells 8,354 Shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Sequoia Financial Advisors LLC trimmed its position in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,383 shares of the company’s stock after selling 8,354 shares during the quarter. Sequoia Financial Advisors LLC owned 0.44% of JPMorgan High Yield Municipal ETF worth $773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prentice Wealth Management LLC increased its stake in JPMorgan High Yield Municipal ETF by 11.6% during the 4th quarter. Prentice Wealth Management LLC now owns 102,986 shares of the company’s stock worth $5,172,000 after purchasing an additional 10,729 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of 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 worth $2,052,000 after acquiring an additional 29,155 shares in the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the fourth quarter worth $1,655,000. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the fourth quarter worth $1,374,000. Finally, Investment Planning Advisors Inc. lifted its position in JPMorgan High Yield Municipal ETF by 27.7% in the 4th quarter. Investment Planning Advisors Inc. now owns 27,316 shares of the company’s stock valued at $1,372,000 after acquiring an additional 5,932 shares in the last quarter.

JPMorgan High Yield Municipal ETF Trading Down 0.1 %

JMHI stock opened at $50.56 on Monday. The stock has a 50-day moving average price of $50.75 and a two-hundred day moving average price of $50.67. JPMorgan High Yield Municipal ETF has a 1 year low of $48.92 and a 1 year high of $51.50.

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.