We are live on ! Find out more
JMST icon

JPMorgan Ultra-Short Municipal Income ETF
JMST

491 hedge funds and large institutions have $2.67B invested in JPMorgan Ultra-Short Municipal Income ETF in 2025 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 239 increasing their positions, 143 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 26

67% more repeat investments, than reductions

Existing positions increased: 239 | Existing positions reduced: 143

17% more funds holding in top 10

Funds holding in top 10: 18 → 21 (+3)

14% more capital invested

Capital invested by funds: $2.35B → $2.67B (+$323M)

7% more funds holding

Funds holding: 459 → 491 (+32)

1.45% less ownership

Funds ownership: 76.74% → 75.29% (-1.4%)

Holders
491
Holders Change
+32
Holders Change %
+6.97%
% of All Funds
6.58%
Holding in Top 10
21
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+16.67%
% of All Funds
0.28%
New
65
Increased
239
Reduced
143
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$38M
2
AWE
Avidian Wealth Enterprises
Texas
+$27M
3
Wells Fargo
Wells Fargo
California
+$20.6M
4
LPL Financial
LPL Financial
California
+$19.4M
5
Jane Street
Jane Street
New York
+$15.8M

Top Sellers

1
TW
Transform Wealth
Colorado
-$10.4M
2
FT
Fiduciary Trust
Massachusetts
-$10.3M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.21M
4
CG
CFO4Life Group
Texas
-$6.77M
5
IAA
Independent Advisor Alliance
North Carolina
-$6.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
226
OneDigital Investment Advisors
Kansas
$1.34M +$363K +7,144 +37%
RMF
227
Red Mountain Financial
Colorado
$1.34M +$11.7K +231 +0.9%
GWSG
228
GPS Wealth Strategies Group
Colorado
$1.33M +$907K +17,854 +213%
VA
229
Valmark Advisers
Ohio
$1.3M +$312K +6,141 +32%
FCM
230
Firestone Capital Management
Florida
$1.29M +$84.8K +1,668 +7%
BCG
231
BayBridge Capital Group
California
$1.28M +$8.18K +161 +0.6%
NC
232
NewSquare Capital
Pennsylvania
$1.28M +$144K +2,829 +13%
SWP
233
Summit Wealth Partners
Florida
$1.26M +$186K +3,663 +17%
Citadel Advisors
234
Citadel Advisors
Florida
$1.25M +$1.25M +24,654 New
KAS
235
Kestra Advisory Services
Texas
$1.25M +$237K +4,670 +24%
CWA
236
Canvas Wealth Advisors
Kansas
$1.22M +$134K +2,641 +12%
EFA
237
Evernest Financial Advisors
Indiana
$1.21M -$2.8M -55,105 -70%
SAM
238
Strive Asset Management
Ohio
$1.18M +$1.18M +23,248 New
UWM
239
USAdvisors Wealth Management
Minnesota
$1.15M +$155K +3,053 +16%
PFS
240
Prospera Financial Services
Texas
$1.14M -$33.4K -658 -3%
P
241
&Partners
Tennessee
$1.12M +$103K +2,029 +10%
FAIM
242
Financial Advocates Investment Management
Washington
$1.1M +$44.2K +869 +4%
WCM
243
WealthBridge Capital Management
Ohio
$1.1M +$120K +2,366 +12%
IWP
244
IAG Wealth Partners
Wisconsin
$1.1M +$339K +6,668 +45%
RWA
245
Rooted Wealth Advisors
Illinois
$1.06M -$2.39K -47 -0.2%
LWA
246
Lifelong Wealth Advisors
Minnesota
$1.06M -$135K -2,654 -11%
WIC
247
Woodmont Investment Counsel
Tennessee
$1.05M – – –
TDC
248
Thompson Davis & Co
Virginia
$1.03M -$175K -3,437 -14%
SPIA
249
Steward Partners Investment Advisory
New York
$1.03M +$178K +3,500 +21%
TP
250
Tranquility Partners
Tennessee
$1.02M – – –
8 9
10
11 12

JMST Hedge Fund Activity: Q1 2025 in Review

491 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q1 2025, worth a combined $2.67B — up 14% from $2.35B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new JMST positions and 26 closed out — a net gain of 39 holders — while 239 added to existing stakes and 143 trimmed.

The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $38M. The largest seller was Transform Wealth, cutting an estimated $10.4M.

  • 491 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q1 2025, up from 459 in Q4 2024.
  • Funds reported $2.67B of JPMorgan Ultra-Short Municipal Income ETF stock for Q1 2025, up 14% quarter-over-quarter.
  • 65 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q1 2025 and 26 closed out, a net change of +39 holders.
  • The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q1 2025 was Northwestern Mutual Wealth Management, an estimated $38M added.
  • The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q1 2025 was Transform Wealth, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2025.