Raymond James Financial Inc. Purchases Shares of 27,353 JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Raymond James Financial Inc. acquired a new position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 27,353 shares of the company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also recently made changes to their positions in JMHI. GAMMA Investing LLC lifted its stake in JPMorgan High Yield Municipal ETF by 165.4% in the fourth quarter. GAMMA Investing LLC now owns 2,389 shares of the company’s stock worth $120,000 after acquiring an additional 1,489 shares during the period. Jones Financial Companies Lllp lifted its position in shares of JPMorgan High Yield Municipal ETF by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 6,034 shares of the company’s stock worth $303,000 after purchasing an additional 3,499 shares during the period. SignalPoint Asset Management LLC bought a new stake in shares of JPMorgan High Yield Municipal ETF during the 4th quarter valued at about $352,000. Valued Retirements Inc. bought a new stake in shares of JPMorgan High Yield Municipal ETF during the 3rd quarter valued at about $599,000. Finally, StoneCrest Wealth Management Inc. raised its stake in JPMorgan High Yield Municipal ETF by 16.6% in the fourth quarter. StoneCrest Wealth Management Inc. now owns 13,747 shares of the company’s stock worth $690,000 after buying an additional 1,960 shares in the last quarter.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of JMHI opened at $50.47 on Thursday. The company has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $50.67. JPMorgan High Yield Municipal ETF has a one year low of $48.92 and a one 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.