JPMorgan High Yield Municipal ETF (JMHI)
JPMorgan High Yield Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $47.42, down 0.25% on the session, giving a market capitalisation of $269.1M. Its beta of 0.97 implies it has historically moved less than the broad market.
Ordinarily, this fund allocates at least 80% of its total holdings to municipal debt instruments. The income derived from these investments is generally exempt from federal income tax. This category of municipal debt is broad, covering assets such as floating-rate demand obligations, short-term municipal notes, traditional municipal bonds, tax-advantaged commercial paper, private activity and industrial development bonds, tax anticipation notes, and ownership interests in municipal security portfolios.
JPMorgan High Yield Municipal ETF is most often compared with the following Financial Services names: