JPMorgan Ultra-Short Municipal Income ETF
JMST
492 hedge funds and large institutions have $2.67B invested in JPMorgan Ultra-Short Municipal Income ETF in 2025 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 239 increasing their positions, 143 reducing their positions, and 26 closing their positions.
282% more capital inflows, than outflows
Capital inflows: $433M | Capital outflows: $113M
150% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 26
67% more repeat investments, than reductions
Existing positions increased: 239 | Existing positions reduced: 143
17% more funds holding in top 10
Funds holding in top 10: 18 → 21 (+3)
7% more funds holding
Funds holding: 460 → 492 (+32)
1.49% less ownership
Funds ownership: 76.76% → 75.27% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$38M |
| 2 |
Avidian Wealth Enterprises
Houston,
Texas
|
+$27M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$20.6M |
| 4 |
LPL Financial
San Diego,
California
|
+$19.4M |
| 5 |
Jane Street
New York
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Transform Wealth
Greenwood Village,
Colorado
|
-$10.4M |
| 2 |
Fiduciary Trust
Boston,
Massachusetts
|
-$10.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.21M |
| 4 |
CFO4Life Group
Coppell,
Texas
|
-$6.77M |
| 5 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$6.44M |
JMST Hedge Fund Activity: Q1 2025 in Review
492 of the 7,481 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Ultra-Short Municipal Income ETF (JMST) for Q1 2025, worth a combined $2.67B — up 14% from $2.35B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new JMST positions and 26 closed out — a net gain of 39 holders — while 239 added to existing stakes and 143 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $38M. The largest seller was Transform Wealth, cutting an estimated $10.4M.
- 492 institutional investors held JPMorgan Ultra-Short Municipal Income ETF (JMST) as of Q1 2025, up from 460 in Q4 2024.
- Funds reported $2.67B of JPMorgan Ultra-Short Municipal Income ETF stock for Q1 2025, up 14% quarter-over-quarter.
- 65 funds opened new JPMorgan Ultra-Short Municipal Income ETF positions in Q1 2025 and 26 closed out, a net change of +39 holders.
- The largest JPMorgan Ultra-Short Municipal Income ETF buyer in Q1 2025 was Northwestern Mutual Wealth Management, an estimated $38M added.
- The largest JPMorgan Ultra-Short Municipal Income ETF seller in Q1 2025 was Transform Wealth, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2025.