Independent Wealth Network Inc. Makes New Investment in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Independent Wealth Network Inc. bought a new position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,946 shares of the company’s stock, valued at approximately $1,655,000. Independent Wealth Network Inc. owned about 0.94% of JPMorgan High Yield Municipal ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 3rd quarter valued at about $46,000. Rosenberg Matthew Hamilton lifted its holdings in JPMorgan High Yield Municipal ETF by 95.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,131 shares of the company’s stock worth $160,000 after buying an additional 1,525 shares during the period. GGM Financials LLC purchased a new stake in JPMorgan High Yield Municipal ETF in the 3rd quarter worth approximately $233,000. SignalPoint Asset Management LLC purchased a new stake in JPMorgan High Yield Municipal ETF in the 4th quarter worth approximately $352,000. Finally, Valued Retirements Inc. purchased a new stake in JPMorgan High Yield Municipal ETF in the 3rd quarter worth approximately $599,000.

JPMorgan High Yield Municipal ETF Trading Up 0.2 %

NYSEARCA JMHI opened at $50.53 on Thursday. JPMorgan High Yield Municipal ETF has a fifty-two week low of $48.87 and a fifty-two week high of $51.16. The stock has a 50 day simple moving average of $50.50 and a two-hundred day simple moving average of $50.51.

JPMorgan High Yield Municipal ETF Company 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.