JPMorgan High Yield Municipal ETF logo

JPMorgan High Yield Municipal ETF (JMHI)

Market Closed
16 Oct, 08:00 PM
ARCA ARCA
$
47. 65
+0.08
+0.1682%
$
265.93M Market Cap
0.87% Div Yield
139,422 Volume
$ 47.57
Previous Close
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Day Range
47.47 47.65
Year Range
46.27 51.19
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JMHI: A First Look At JPMorgan HY Muni ETF

JMHI: A First Look At JPMorgan HY Muni ETF

Interest rates may drop if the FOMC cuts the Federal Funds Rate, making federal tax-free, long-duration investments like the JPMorgan High Yield Municipal ETF attractive. The JPMorgan High Yield Municipal ETF offers a 4.9% yield, invests in socially conscious municipal securities, and is exempt from federal income tax. The ETF has $175 million in AUM, charges 35bps in fees, and may invest up to 100% in below investment-grade securities for higher yields.

Seekingalpha | 2 years ago