JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Shares Down 0.6% – Should You Sell?

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) shares fell 0.6% on Tuesday . The stock traded as low as $47.90 and last traded at $47.94. Approximately 73,199 shares traded hands during mid-day trading, an increase of 121% from the average session volume of 33,061 shares. The stock had previously closed at $48.24.

JPMorgan High Yield Municipal ETF Stock Up 0.4%

The stock has a 50 day moving average of $49.42 and a 200-day moving average of $49.89.

Institutional Trading of JPMorgan High Yield Municipal ETF

A number of institutional investors have recently modified their holdings of JMHI. Capital Asset Advisory Services LLC bought a new position in shares of JPMorgan High Yield Municipal ETF in the first quarter valued at approximately $8,327,000. Stewardship Advisors LLC purchased a new position in JPMorgan High Yield Municipal ETF during the first quarter valued at approximately $4,138,000. Royal Bank of Canada increased its holdings in JPMorgan High Yield Municipal ETF by 439.2% during the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock worth $2,880,000 after acquiring an additional 47,072 shares during the period. UBS Group AG increased its holdings in JPMorgan High Yield Municipal ETF by 259.2% during the 4th 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 period. Finally, NewEdge Advisors LLC lifted its stake in JPMorgan High Yield Municipal ETF by 201.4% in the 1st quarter. NewEdge Advisors LLC now owns 30,041 shares of the company’s stock worth $1,497,000 after purchasing an additional 20,075 shares in the last quarter.

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