GGM Financials LLC Invests $348,000 in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

GGM Financials LLC bought a new stake in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 6,901 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JMHI. Prentice Wealth Management LLC boosted its holdings in shares of 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 buying an additional 10,729 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of JPMorgan High Yield Municipal ETF by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 6,034 shares of the company’s stock valued at $303,000 after acquiring an additional 3,499 shares during the period. Raymond James Financial Inc. bought a new position in JPMorgan High Yield Municipal ETF during the fourth quarter worth $1,374,000. Commonwealth Equity Services LLC grew its holdings in JPMorgan High Yield Municipal ETF by 59.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,538 shares of the company’s stock worth $1,634,000 after purchasing an additional 12,072 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in JPMorgan High Yield Municipal ETF in the fourth quarter worth $397,000.

JPMorgan High Yield Municipal ETF Stock Down 0.4%

JMHI opened at $49.13 on Friday. The company has a fifty day moving average price of $49.49 and a two-hundred day moving average price of $50.27. JPMorgan High Yield Municipal ETF has a 1-year low of $47.45 and a 1-year high of $51.50.

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.