JPMorgan Ultra-Short Municipal Income ETF
JMST
127 hedge funds and large institutions have $369M invested in JPMorgan Ultra-Short Municipal Income ETF in 2020 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 64 increasing their positions, 16 reducing their positions, and 8 closing their positions.
388% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 8
300% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 16
88% more capital invested
Capital invested by funds: $196M → $369M (+$173M)
32% more funds holding
Funds holding: 96 → 127 (+31)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
7.65% more ownership
Funds ownership: 49.3% → 56.95% (+7.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$35.6M |
| 2 |
PP
Palladium Partners
Norfolk,
Virginia
|
+$16.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$10.6M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$9.8M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$8.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
-$9.02M |
| 2 |
GSAM
Grant Street Asset Management
Canonsburg,
Pennsylvania
|
-$3.03M |
| 3 |
RCM
Requisite Capital Management
Dallas,
Texas
|
-$2.47M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.78M |
| 5 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
-$1.61M |
JMST Hedge Fund Activity: Q3 2020 in Review
127 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q3 2020, worth a combined $369M — up 88% from $196M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new JMST positions and 8 closed out — a net gain of 31 holders — while 64 added to existing stakes and 16 trimmed.
The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, opening a new position worth an estimated $35.6M. The largest seller was New England Investment & Retirement Group, exiting entirely with an estimated $9.02M sold.
- 127 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q3 2020, up from 96 in Q2 2020.
- Funds reported $369M of JPMorgan Ultra-Short Municipal Income ETF stock for Q3 2020, up 88% quarter-over-quarter.
- 39 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q3 2020 and 8 closed out, a net change of +31 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q3 2020 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $35.6M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q3 2020 was New England Investment & Retirement Group, an estimated $9.02M sold.
Based on aggregated 13F filings for Q3 2020.