JPMorgan Ultra-Short Municipal Income ETF
JMST
58 hedge funds and large institutions have $65.7M invested in JPMorgan Ultra-Short Municipal Income ETF in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
29% more funds holding
Funds holding: 45 → 58 (+13)
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
6% less capital invested
Capital invested by funds: $69.8M → $65.7M (-$4.14M)
7.84% less ownership
Funds ownership: 54.29% → 46.45% (-7.8%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.31M |
| 2 |
RW
RVW Wealth
Los Angeles,
California
|
+$2M |
| 3 |
PP
Palladium Partners
Norfolk,
Virginia
|
+$1.72M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.58M |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$19M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$996K |
| 3 |
Jane Street
New York
|
-$861K |
| 4 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
-$772K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$306K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCP
51
Verus Capital Partners
Scottsdale,
Arizona
| $83K | +$83.3K | +1,650 | New |
|
|
CFD
52
Creative Financial Designs
Kokomo,
Indiana
| $71K | -$52.2K | -1,033 | -42% |
|
|
HCA
53
Horan Capital Advisors
Cincinnati,
Ohio
| $66K | – | – | – |
|
|
AA
54
AlphaMark Advisors
Ft. Wright,
Kentucky
| $50K | – | – | – |
|
|
IA
55
IFP Advisors
Tampa,
Florida
| $46K | – | – | – |
|
56
Wells Fargo
San Francisco,
California
| $33K | +$32.8K | +649 | New |
|
|
BCI
57
Brinker Capital Investments
Berwyn,
Pennsylvania
| $32K | +$32.3K | +640 | New |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| $19K | +$19.2K | +380 | New |
|
|
59
Citadel Advisors
Miami,
Florida
| – | -$996K | -19,751 | Closed |
|
|
VFA
60
Valeo Financial Advisors
Carmel,
Indiana
| – | -$126K | -2,500 | Closed |
|
|
FAAS
61
First Allied Advisory Services
San Diego,
California
| – | -$19K | -383 | Closed |
|
JMST Hedge Fund Activity: Q4 2019 in Review
58 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q4 2019, worth a combined $65.7M — down 5.9% from $69.8M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new JMST positions and 3 closed out — a net gain of 15 holders — while 18 added to existing stakes and 14 trimmed.
The largest buyer was MML Investors Services, adding an estimated $2.31M. The largest seller was Flow Traders U.S., cutting an estimated $19M.
- 58 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q4 2019, up from 45 in Q3 2019.
- Funds reported $65.7M of JPMorgan Ultra-Short Municipal Income ETF stock for Q4 2019, down 5.9% quarter-over-quarter.
- 18 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q4 2019 and 3 closed out, a net change of +15 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q4 2019 was MML Investors Services, an estimated $2.31M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q4 2019 was Flow Traders U.S., an estimated $19M sold.
Based on aggregated 13F filings for Q4 2019.