Royal Bank of Canada Raises Position in JPMorgan High Yield Municipal ETF $JMHI

Royal Bank of Canada grew its holdings in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 439.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,790 shares of the company’s stock after acquiring an additional 47,072 shares during the period. Royal Bank of Canada owned about 1.07% of JPMorgan High Yield Municipal ETF worth $2,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Capital Asset Advisory Services LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 1st quarter worth about $8,327,000. Stewardship Advisors LLC acquired a new stake in JPMorgan High Yield Municipal ETF in the first quarter valued at approximately $4,138,000. Cetera Investment Advisers lifted its stake in JPMorgan High Yield Municipal ETF by 22.1% in the fourth quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock worth $21,164,000 after acquiring an additional 76,158 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in JPMorgan High Yield Municipal ETF by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after acquiring an additional 35,110 shares during the last quarter. Finally, UBS Group AG lifted its stake in JPMorgan High Yield Municipal ETF by 259.2% in the fourth quarter. UBS Group AG now owns 44,028 shares of the company’s stock worth $2,212,000 after acquiring an additional 31,770 shares during the last quarter.

JPMorgan High Yield Municipal ETF Trading Down 0.4%

NYSEARCA JMHI opened at $49.65 on Friday. The firm has a 50 day moving average of $50.03 and a two-hundred day moving average of $50.17. JPMorgan High Yield Municipal ETF has a 52 week low of $49.01 and a 52 week high of $51.19.

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. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.