Confluence Wealth Services Inc. Buys New Position in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI)

Confluence Wealth Services Inc. bought a new stake in shares of JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,780 shares of the company’s stock, valued at approximately $338,000. Confluence Wealth Services Inc. owned about 0.19% of JPMorgan High Yield Municipal ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV bought a new position in JPMorgan High Yield Municipal ETF during the first quarter valued at approximately $46,000. Skyline Advisors Inc. purchased a new stake in JPMorgan High Yield Municipal ETF during the fourth quarter valued at approximately $217,000. Walkner Condon Financial Advisors LLC lifted its stake in shares of JPMorgan High Yield Municipal ETF by 5.4% in 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. Investment Planning Advisors Inc. purchased a new position in shares of JPMorgan High Yield Municipal ETF in the 2nd quarter worth approximately $1,065,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of JPMorgan High Yield Municipal ETF in the 1st quarter worth approximately $1,687,000.

JPMorgan High Yield Municipal ETF Stock Performance

NYSEARCA:JMHI opened at $50.62 on Monday. JPMorgan High Yield Municipal ETF has a fifty-two week low of $45.94 and a fifty-two week high of $50.80. The stock’s fifty day moving average is $50.26 and its 200 day moving average is $49.79.

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.