JPMorgan Municipal ETF
JMUB
394 hedge funds and large institutions have $3.05B invested in JPMorgan Municipal ETF in 2025 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 198 increasing their positions, 100 reducing their positions, and 18 closing their positions.
385% more capital inflows, than outflows
Capital inflows: $706M | Capital outflows: $146M
256% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 18
98% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 100
10% more funds holding
Funds holding: 357 → 394 (+37)
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
1.22% less ownership
Funds ownership: 83.03% → 81.81% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$54.2M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$41.6M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$41.1M |
| 4 |
LPL Financial
San Diego,
California
|
+$39.8M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bailard
Foster City,
California
|
-$28.8M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$19.1M |
| 3 |
TGAM
TBH Global Asset Management
Brentwood,
Tennessee
|
-$15.6M |
| 4 |
Jane Street
New York
|
-$13.4M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$8.68M |
JMUB Hedge Fund Activity: Q3 2025 in Review
394 of the 7,649 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: 64 funds opened new JMUB positions and 18 closed out — a net gain of 46 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.
- 394 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.
- 64 funds opened new JPMorgan Municipal ETF positions in Q3 2025 and 18 closed out, a net change of +46 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.