JPMorgan Ultra-Short Municipal Income ETF
JMST
96 hedge funds and large institutions have $196M invested in JPMorgan Ultra-Short Municipal Income ETF in 2020 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 36 increasing their positions, 16 reducing their positions, and 8 closing their positions.
375% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 8
125% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 16
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
68% more capital invested
Capital invested by funds: $117M → $196M (+$79.4M)
43% more funds holding
Funds holding: 67 → 96 (+29)
7.1% less ownership
Funds ownership: 56.41% → 49.3% (-7.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Requisite Capital Management
Dallas,
Texas
|
+$13M |
| 2 |
PP
Palladium Partners
Norfolk,
Virginia
|
+$8.29M |
| 3 |
FA
FCG Advisors
Chatham,
New Jersey
|
+$7.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.6M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.9M |
| 2 |
SFG
Sage Financial Group
W. Conshohocken,
Pennsylvania
|
-$3.33M |
| 3 |
PCWA
Pacific Capital Wealth Advisors
Corona,
California
|
-$2.86M |
| 4 |
RW
RVW Wealth
Los Angeles,
California
|
-$2M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.1M |
JMST Hedge Fund Activity: Q2 2020 in Review
96 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q2 2020, worth a combined $196M — up 68% from $117M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new JMST positions and 8 closed out — a net gain of 30 holders — while 36 added to existing stakes and 16 trimmed.
The largest buyer was Requisite Capital Management, opening a new position worth an estimated $13M. The largest seller was Jane Street, exiting entirely with an estimated $7.9M sold.
- 96 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q2 2020, up from 67 in Q1 2020.
- Funds reported $196M of JPMorgan Ultra-Short Municipal Income ETF stock for Q2 2020, up 68% quarter-over-quarter.
- 38 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q2 2020 and 8 closed out, a net change of +30 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q2 2020 was Requisite Capital Management, an estimated $13M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q2 2020 was Jane Street, an estimated $7.9M sold.
Based on aggregated 13F filings for Q2 2020.