JPMorgan Ultra-Short Municipal Income ETF
JMST
67 hedge funds and large institutions have $117M invested in JPMorgan Ultra-Short Municipal Income ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 9 closing their positions.
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
78% more capital invested
Capital invested by funds: $65.7M → $117M (+$51M)
75% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 16
16% more funds holding
Funds holding: 58 → 67 (+9)
9.96% more ownership
Funds ownership: 46.45% → 56.41% (+10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.1M |
| 2 |
LDFR
Lehman & Derafelo Financial Resources
Media,
Pennsylvania
|
+$9.18M |
| 3 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
+$7.48M |
| 4 |
Jane Street
New York
|
+$6.84M |
| 5 |
LPL Financial
San Diego,
California
|
+$5.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.74M |
| 2 |
CM
Capital Management
Glen Allen,
Virginia
|
-$1.66M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.29M |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$1.24M |
| 5 |
SFG
Sage Financial Group
W. Conshohocken,
Pennsylvania
|
-$905K |
JMST Hedge Fund Activity: Q1 2020 in Review
67 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q1 2020, worth a combined $117M — up 78% from $65.7M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new JMST positions and 9 closed out — a net gain of 12 holders — while 28 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $10.1M. The largest seller was MML Investors Services, cutting an estimated $2.74M.
- 67 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q1 2020, up from 58 in Q4 2019.
- Funds reported $117M of JPMorgan Ultra-Short Municipal Income ETF stock for Q1 2020, up 78% quarter-over-quarter.
- 21 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q1 2020 and 9 closed out, a net change of +12 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q1 2020 was Bank of America, an estimated $10.1M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q1 2020 was MML Investors Services, an estimated $2.74M sold.
Based on aggregated 13F filings for Q1 2020.