JPMorgan Ultra-Short Municipal Income ETF
JMST
356 hedge funds and large institutions have $1.97B invested in JPMorgan Ultra-Short Municipal Income ETF in 2023 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 111 increasing their positions, 167 reducing their positions, and 42 closing their positions.
7% more capital invested
Capital invested by funds: $1.85B → $1.97B (+$121M)
2.35% more ownership
Funds ownership: 73.84% → 76.19% (+2.3%)
3% less funds holding
Funds holding: 367 → 356 (-11)
21% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 42
24% less funds holding in top 10
Funds holding in top 10: 25 → 19 (-6)
34% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 167
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$208M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$14.3M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$14.3M |
| 4 |
WWA
WCG Wealth Advisors
Las Vegas,
Nevada
|
+$11M |
| 5 |
AC
AlphaCore Capital
La Jolla,
California
|
+$9.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$28M |
| 2 |
AHC
Anderson Hoagland & Co
St Louis,
Missouri
|
-$23.2M |
| 3 |
Jane Street
New York
|
-$22.5M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$10.8M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$8M |
JMST Hedge Fund Activity: Q2 2023 in Review
356 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q2 2023, worth a combined $1.97B — up 6.5% from $1.85B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of JMST and 33 opened new positions — a net loss of 9 holders — while 167 trimmed existing stakes and 111 added.
The largest buyer was Fidelity Investments, adding an estimated $208M. The largest seller was Bank of America, cutting an estimated $28M.
- 356 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q2 2023, down from 367 in Q1 2023.
- Funds reported $1.97B of JPMorgan Ultra-Short Municipal Income ETF stock for Q2 2023, up 6.5% quarter-over-quarter.
- 33 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q2 2023 and 42 closed out, a net change of -9 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q2 2023 was Fidelity Investments, an estimated $208M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q2 2023 was Bank of America, an estimated $28M sold.
Based on aggregated 13F filings for Q2 2023.