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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
CFA
126
Cahill Financial Advisors
Minnesota
$3.81M +$1.52M +30,559 +68%
LWMNY
127
Landmark Wealth Management (New York)
New York
$3.8M +$397K +7,985 +12%
VA
128
VestGen Advisors
Illinois
$3.67M -$108K -2,175 -3%
FWM
129
FMA Wealth Management
Massachusetts
$3.61M +$146K +2,948 +4%
PCIA
130
Prime Capital Investment Advisors
Kansas
$3.6M +$252K +5,068 +8%
RMF
131
Red Mountain Financial
Colorado
$3.57M +$129K +2,600 +4%
SPIA
132
Steward Partners Investment Advisory
New York
$3.45M -$158K -3,190 -4%
FPAS
133
Focus Partners Advisor Solutions
Missouri
$3.42M -$36.1K -727 -1%
RPGK
134
Retirement Planning Group (Kansas)
Kansas
$3.4M +$526K +10,593 +19%
IF
135
Intrua Financial
Texas
$3.39M +$278K +5,588 +9%
CPCP
136
Cedar Point Capital Partners
Iowa
$3.1M +$26.7K +537 +0.9%
MWA
137
Mills Wealth Advisors
Texas
$3.09M -$293K -5,894 -9%
Mariner
138
Mariner
Kansas
$3.09M -$1.98M -39,847 -39%
SOWAS
139
Silver Oak Wealth Advisors Services
California
$3.04M +$635K +12,790 +27%
MA
140
Mutual Advisors
Nebraska
$3.02M +$16.5K +332 +0.6%
JWA
141
JFS Wealth Advisors
Pennsylvania
$3.02M +$2.15M +43,308 +263%
QWM
142
Quadcap Wealth Management
Texas
$3.01M -$46.3K -932 -2%
SG
143
StoneX Group
New York
$2.95M +$1.51M +30,324 +108%
MFG
144
Marmo Financial Group
Tennessee
$2.95M +$2.9M +58,435 New
WIC
145
Whitegate Investment Counselors
New Hampshire
$2.94M -$334K -6,720 -10%
WIP
146
WealthCare Investment Partners
Rhode Island
$2.9M -$27.3K -549 -0.9%
GGS
147
Galvin Gaustad & Stein
Arizona
$2.83M +$106K +2,139 +4%
UWS
148
Unique Wealth Strategies
Illinois
$2.81M +$72.5K +1,460 +3%
MFG
149
Merit Financial Group
Georgia
$2.74M +$470K +9,457 +21%
FCG
150
Financial Connections Group
California
$2.72M -$461K -9,276 -15%
4 5
6
7 8

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.