JPMorgan Ultra-Short Municipal Income ETF
JMST
367 hedge funds and large institutions have $1.85B invested in JPMorgan Ultra-Short Municipal Income ETF in 2023 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 116 increasing their positions, 158 reducing their positions, and 28 closing their positions.
86% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 28
4% more funds holding
Funds holding: 353 → 367 (+14)
5.98% less ownership
Funds ownership: 79.82% → 73.84% (-6%)
8% less capital invested
Capital invested by funds: $2.01B → $1.85B (-$161M)
17% less funds holding in top 10
Funds holding in top 10: 30 → 25 (-5)
27% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 158
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$29.1M |
| 2 |
Renaissance Technologies
New York
|
+$14.7M |
| 3 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$11.5M |
| 4 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$10.3M |
| 5 |
SWM
SigFig Wealth Management
San Francisco,
California
|
+$9.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$59.8M |
| 2 |
HWM
HB Wealth Management
Atlanta,
Georgia
|
-$38.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$26.3M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$25M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$23.3M |
JMST Hedge Fund Activity: Q1 2023 in Review
367 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q1 2023, worth a combined $1.85B — down 8% from $2.01B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new JMST positions and 28 closed out — a net gain of 24 holders — while 116 added to existing stakes and 158 trimmed.
The largest buyer was Jane Street, adding an estimated $29.1M. The largest seller was Bank of America, cutting an estimated $59.8M.
- 367 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q1 2023, up from 353 in Q4 2022.
- Funds reported $1.85B of JPMorgan Ultra-Short Municipal Income ETF stock for Q1 2023, down 8% quarter-over-quarter.
- 52 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q1 2023 and 28 closed out, a net change of +24 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q1 2023 was Jane Street, an estimated $29.1M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q1 2023 was Bank of America, an estimated $59.8M sold.
Based on aggregated 13F filings for Q1 2023.