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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
AWM
51
Apollon Wealth Management
South Carolina
$14.6M -$157K -3,156 -1%
BWP
52
BlueStem Wealth Partners
Minnesota
$13.2M -$1.71M -34,383 -12%
CCM
53
Condor Capital Management
New Jersey
$13.2M +$76.7K +1,543 +0.6%
SF
54
Summit Financial
New Jersey
$13.2M +$12.9M +260,640 New
MFG
55
Magnus Financial Group
New York
$13M -$4.53M -91,107 -26%
LFG
56
Leverty Financial Group
Wisconsin
$12.1M +$7.48M +150,565 +168%
DPI
57
Diversified Portfolios Inc
Michigan
$11.7M +$2.17M +43,737 +23%
AFA
58
AllGen Financial Advisors
Florida
$11.7M -$944K -19,004 -8%
LFA
59
Legacy Financial Advisors
Kentucky
$11.4M -$3.96M -79,663 -26%
SEIA
60
Signature Estate & Investment Advisors
California
$10.5M +$1M +20,143 +11%
SPWG
61
Syntegra Private Wealth Group
Missouri
$10.3M +$329K +6,632 +3%
HFM
62
Hartford Financial Management
Connecticut
$10.2M -$3.61M -72,612 -26%
SFA
63
Sequoia Financial Advisors
Ohio
$10.1M +$8.11M +163,287 +439%
WAAG
64
Wealth Alliance Advisory Group
Kansas
$9.94M -$253K -5,093 -3%
BSSFA
65
Baron Silver Stevens Financial Advisors
Florida
$9.86M +$2.44M +49,188 +34%
CWM
66
Cornerstone Wealth Management
Missouri
$9.48M +$229K +4,607 +3%
BWA
67
Boulder Wealth Advisors
Colorado
$9.37M +$9.22M +185,556 New
SC
68
Savant Capital
Illinois
$9.28M +$3.23M +65,046 +55%
CTA
69
Chesley Taft & Associates
Illinois
$8.8M +$1.58M +31,835 +22%
VCP
70
Verus Capital Partners
Arizona
$8.67M +$2.45M +49,260 +40%
OPWM
71
Oakwell Private Wealth Management
Texas
$8.13M +$539K +10,849 +7%
Cambridge Investment Research Advisors
72
Cambridge Investment Research Advisors
Iowa
$8.01M +$2.84M +57,178 +56%
AAS
73
Ameritas Advisory Services
Nebraska
$8M +$5.92M +119,163 +303%
PSCM
74
Per Stirling Capital Management
Texas
$7.8M +$2.09M +42,093 +37%
PWM
75
Perigon Wealth Management
California
$7.74M +$2.47M +49,797 +48%
1 2
3
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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.