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JPMorgan Municipal ETF
JMUB

393 hedge funds and large institutions have $3.05B invested in JPMorgan Municipal ETF in 2025 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 198 increasing their positions, 100 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 18

98% more repeat investments, than reductions

Existing positions increased: 198 | Existing positions reduced: 100

20% more capital invested

Capital invested by funds: $2.54B → $3.05B (+$505M)

10% more funds holding

Funds holding: 357 → 393 (+36)

5% more funds holding in top 10

Funds holding in top 10: 19 → 20 (+1)

1.74% less ownership

Funds ownership: 83.5% → 81.77% (-1.7%)

Holders
393
Holders Change
+36
Holders Change %
+10.08%
% of All Funds
5.16%
Holding in Top 10
20
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.26%
% of All Funds
0.26%
New
63
Increased
198
Reduced
100
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$54.2M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$41.6M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$41.1M
4
LPL Financial
LPL Financial
California
+$39.8M
5
Corient Private Wealth
Corient Private Wealth
Florida
+$36.5M

Top Sellers

1
B
Bailard
California
-$28.8M
2
Raymond James Financial
Raymond James Financial
Florida
-$19.1M
3
TGAM
TBH Global Asset Management
Tennessee
-$15.6M
4
Jane Street
Jane Street
New York
-$13.4M
5
MML Investors Services
MML Investors Services
Massachusetts
-$8.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
CL
251
Choreo LLC
Illinois
$683K -$180K -3,628 -21%
BWMG
252
Barnes Wealth Management Group
California
$681K +$56.4K +1,135 +9%
PFA
253
Pure Financial Advisors
California
$674K +$663K +13,350 New
FS
254
Ferguson Shapiro
Georgia
$660K -$18.8K -379 -3%
CBT
255
Crews Bank & Trust
Florida
$652K +$29.9K +601 +5%
LPAM
256
Lodestar Private Asset Management
California
$650K -$17.4K -350 -3%
FWI
257
Facet Wealth Inc
Maryland
$643K +$633K +12,742 New
PA
258
Perennial Advisors
New York
$635K +$19.9K +400 +3%
MIA
259
Milestone Investment Advisors
Wisconsin
$624K -$284K -5,715 -32%
BCA
260
Bay Colony Advisors
Massachusetts
$616K +$606K +12,198 New
CCA
261
Cobblestone Capital Advisors
New York
$612K +$603K +12,130 New
CWA
262
Choice Wealth Advisors
Maine
$611K – – –
Goldman Sachs
263
Goldman Sachs
New York
$610K +$395K +7,946 +192%
SPC
264
Sigma Planning Corp
Michigan
$609K +$46K +926 +8%
SCM
265
Seascape Capital Management
New Hampshire
$606K -$5.22K -105 -0.9%
PWA
266
Peterson Wealth Advisors
Utah
$598K +$298K +5,996 +102%
OC
267
Oppenheimer & Co
New York
$594K +$216K +4,343 +58%
LAM
268
Lifestyle Asset Management
Texas
$592K +$240K +4,834 +70%
FIC
269
Family Investment Center
Missouri
$591K – – –
Baird Financial Group
270
Baird Financial Group
Wisconsin
$556K +$162K +3,270 +42%
GS
271
GTS Securities
New York
$551K +$543K +10,922 New
WA
272
WBH Advisory
Maryland
$551K +$542K +10,912 New
SL
273
SWMG LLC
Texas
$549K +$27K +543 +5%
MCFP
274
Mallini Complete Financial Planning
Florida
$535K – – –
VF
275
Vawter Financial
Ohio
$528K +$520K +10,469 New
9 10
11
12 13

JMUB Hedge Fund Activity: Q3 2025 in Review

393 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in JPMorgan Municipal ETF (JMUB) for Q3 2025, worth a combined $3.05B — up 20% from $2.54B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new JMUB positions and 18 closed out — a net gain of 45 holders — while 198 added to existing stakes and 100 trimmed.

The largest buyer was Cetera Investment Advisers, adding an estimated $54.2M. The largest seller was Bailard, cutting an estimated $28.8M.

  • 393 institutional investors held JPMorgan Municipal ETF (JMUB) as of Q3 2025, up from 357 in Q2 2025.
  • Funds reported $3.05B of JPMorgan Municipal ETF stock for Q3 2025, up 20% quarter-over-quarter.
  • 63 funds opened new JPMorgan Municipal ETF positions in Q3 2025 and 18 closed out, a net change of +45 holders.
  • The largest JPMorgan Municipal ETF buyer in Q3 2025 was Cetera Investment Advisers, an estimated $54.2M added.
  • The largest JPMorgan Municipal ETF seller in Q3 2025 was Bailard, an estimated $28.8M sold.

Based on aggregated 13F filings for Q3 2025.