Northwestern Mutual Wealth Management Co. Has $371,000 Position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,457 shares of the company’s stock after selling 700 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan High Yield Municipal ETF were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JMHI. Walkner Condon Financial Advisors LLC boosted its position in shares of JPMorgan High Yield Municipal ETF by 5.4% during the second quarter. Walkner Condon Financial Advisors LLC now owns 8,961 shares of the company’s stock valued at $446,000 after buying an additional 461 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in JPMorgan High Yield Municipal ETF during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of JPMorgan High Yield Municipal ETF in the 1st quarter worth $46,000. Skyline Advisors Inc. bought a new stake in shares of JPMorgan High Yield Municipal ETF in the 4th quarter worth $217,000. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the second quarter valued at about $338,000.

JPMorgan High Yield Municipal ETF Stock Performance

JPMorgan High Yield Municipal ETF stock opened at $50.64 on Wednesday. JPMorgan High Yield Municipal ETF has a fifty-two week low of $45.94 and a fifty-two week high of $51.04. The firm’s 50-day simple moving average is $50.65 and its 200 day simple moving average is $50.00.

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.