Kennedy Investment Group Has $713,000 Position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Kennedy Investment Group trimmed its position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,967 shares of the company’s stock after selling 4,368 shares during the period. Kennedy Investment Group owned approximately 0.40% of JPMorgan High Yield Municipal ETF worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV bought a new position in shares of JPMorgan High Yield Municipal ETF during the first quarter worth about $46,000. Prentice Wealth Management LLC boosted its stake in shares of JPMorgan High Yield Municipal ETF by 211.3% during the 1st quarter. Prentice Wealth Management LLC now owns 47,108 shares of the company’s stock worth $2,348,000 after acquiring an additional 31,975 shares during the period. Investment Planning Advisors Inc. bought a new stake in JPMorgan High Yield Municipal ETF in the 2nd quarter valued at $1,065,000. Walkner Condon Financial Advisors LLC lifted its holdings in JPMorgan High Yield Municipal ETF by 5.4% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 8,961 shares of the company’s stock valued at $446,000 after purchasing an additional 461 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in JPMorgan High Yield Municipal ETF during the second quarter worth $338,000.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of NYSEARCA JMHI traded down $0.05 during mid-day trading on Monday, reaching $50.85. 16,956 shares of the company were exchanged, compared to its average volume of 12,057. JPMorgan High Yield Municipal ETF has a twelve month low of $45.94 and a twelve month high of $51.04. The company’s 50-day simple moving average is $50.69 and its 200-day simple moving average is $50.05.

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.