Vault-13

J P MORGAN EXCHANGE TRADED F JMST

ULTRA SHT MUNCPL · ETP · CUSIP 46641Q654

493 institutional holders +31 vs Q4 2024
52,436,34752.4m shares reported held*
$2.7bnreported value*
64 new 241 added 141 reduced 27 sold out net bought ≈ $308.8m (+6.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($21.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.79.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 325Q4 22: 354Q1 23: 368Q2 23: 357Q3 23: 360Q4 23: 390Q1 24: 405Q2 24: 427Q3 24: 434Q4 24: 462Q1 25: 493493Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022325
Q4 2022354
Q1 2023368
Q2 2023357
Q3 2023360
Q4 2023390
Q1 2024405
Q2 2024427
Q3 2024434
Q4 2024462
Q1 2025493

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q2 23: 142 bought or addedQ2 23: 209 cut or sold outQ3 23: 139 bought or addedQ3 23: 207 cut or sold outQ3 23Q4 23: 167 bought or addedQ4 23: 191 cut or sold outQ1 24: 189 bought or addedQ1 24: 179 cut or sold outQ1 24Q2 24: 204 bought or addedQ2 24: 185 cut or sold outQ3 24: 235 bought or addedQ3 24: 172 cut or sold outQ3 24Q4 24: 233 bought or addedQ4 24: 184 cut or sold outQ1 25: 305 bought or addedQ1 25: 168 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023142209
Q3 2023139207
Q4 2023167191
Q1 2024189179
Q2 2024204185
Q3 2024235172
Q4 2024233184
Q1 2025305168

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $329.6kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$329.6k$00.00
Q1 2025$0$0—

Biggest buyers

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +748,311+748.3k
Avidian Wealth Enterprises, LLC Added +531,517+531.5k
WELLS FARGO & COMPANY/MN Added +405,158+405.2k
LPL Financial LLC Added +382,544+382.5k
JANE STREET GROUP, LLC New +310,375+310.4k
Kestra Investment Management, LLC Added +282,083+282.1k
ENVESTNET ASSET MANAGEMENT INC Added +224,977+225.0k
Corient Private Wealth LP Added +222,840+222.8k
AlphaCore Capital LLC New +220,456+220.5k
Trust Co Added +205,905+205.9k

Biggest sellers

Focus Partners Wealth Reduced -552,566-552.6k
Transform Wealth, LLC Reduced -203,764-203.8k
Fiduciary Trust Co Reduced -201,767-201.8k
FMR LLC Reduced -141,848-141.8k
CFO4Life Group, LLC Reduced -133,126-133.1k
Independent Advisor Alliance Sold out -126,903-126.9k
Ameritas Advisory Services, LLC Sold out -99,029-99.0k
Strategic Wealth Investment Group, LLC Sold out -95,748-95.7k
Mills Wealth Advisors LLC Reduced -76,747-76.7k
Principle Wealth Partners LLC Reduced -56,552-56.6k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 3,147,6363.1m $160.1m $160.1m 0.13% Added +748.3k +748,311
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,066,8453.1m $155.9m $155.9m 0.01% Added +133.8k +133,795
3 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,710,8832.7m $137.8m $137.8m 0.05% Added +382.5k +382,544
4 FMR LLC 0.01% of their portfolio BOSTON, MA 1,695,7041.7m $86.2m $86.2m 0.01% Reduced -141.8k -141,848
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,324,3491.3m $67.3m $67.3m 0.02% Added +405.2k +405,158
6 Resonant Capital Advisors, LLC 4.54% of their portfolio Madison, WI 1,279,7571.3m $65.1m $65.1m 4.54% Added +108.2k +108,157
7 BAILARD, INC. 1.36% of their portfolio Foster City, CA 1,036,9681.0m $52.7m $52.7m 1.36% Added +178.7k +178,723
8 Salomon & Ludwin, LLC 5.51% of their portfolio RICHMOND, VA 1,017,2361.0m $51.7m $51.7m 5.51% Reduced -10.3k -10,300
9 Corient Private Wealth LP 0.08% of their portfolio MIAMI, FL 918,721918.7k $46.7m $46.7m 0.08% Added +222.8k +222,840
10 RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio NEW YORK, NY 902,393902.4k $45.9m $45.9m 0.07% Added +134.5k +134,493
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 860,578860.6k $43.8m $43.8m 0.00% Reduced -52.4k -52,411
12 NorthRock Partners, LLC 1.41% of their portfolio MINNEAPOLIS, MN 822,298822.3k $41.8m $41.8m 1.41% Added +137.2k +137,178
13 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 718,134718.1k $36.5m $36.5m 0.01% Added +5.3k +5,259
14 UBS Group AG 0.01% of their portfolio ZURICH, V8 665,492665.5k $33.8m $33.8m 0.01% Added +49.5k +49,460
15 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 642,616642.6k $32.7m $32.7m 0.07% Added +40.0k +40,004
16 HB Wealth Management, LLC 0.27% of their portfolio Atlanta, GA 639,956640.0k $32.5m $32.5m 0.27% Added +59.4k +59,415
17 WEATHERLY ASSET MANAGEMENT L. P. 2.77% of their portfolio DEL MAR, CA 606,737606.7k $30.9m $30.9m 2.77% Added +22.6k +22,590
18 FSM Wealth Advisors, LLC 6.81% of their portfolio CLEVELAND, OH 595,459595.5k $30.3m $30.3m 6.81% Added +621 +621
19 Avidian Wealth Enterprises, LLC 1.33% of their portfolio Houston, TX 585,649585.6k $29.8m $29.8m 1.33% Added +531.5k +531,517
20 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 548,025548.0k $27.9m $27.9m 0.01% Added +109.7k +109,667
21 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 546,570546.6k $27.8m $27.8m 0.06% Added +124.1k +124,123
22 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 538,472538.5k $27.4m $27.4m 0.06% Added +14.9k +14,854
23 Global Wealth Management, LLC 15.16% of their portfolio KINGSTON, NJ 516,882516.9k $26.3m $26.3m 15.16% Added +121.5k +121,460
24 Bridgewater Advisors Inc. 2.16% of their portfolio NEW YORK, NY 491,440491.4k $25.0m $25.0m 2.16% Added +788 +788
25 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 489,411489.4k $24.9m $24.9m 0.08% Added +184.6k +184,559
26 Fiduciary Trust Co 0.32% of their portfolio Boston, MA 481,169481.2k $24.5m $24.5m 0.32% Reduced -201.8k -201,767
27 CWA Asset Management Group, LLC 1.17% of their portfolio NAPLES, FL 478,001478.0k $24.3m $24.3m 1.17% Added +41.9k +41,931
28 GREAT VALLEY ADVISOR GROUP, INC. 0.52% of their portfolio WILMINGTON, DE 475,919475.9k $24.2m $24.2m 0.52% Added +66.3k +66,338
29 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 443,614443.6k $22.6m $22.6m 0.01% Added +225.0k +224,977
30 Integrated Wealth Concepts LLC 0.26% of their portfolio WALTHAM, MA 436,721436.7k $22.2m $22.2m 0.26% Reduced -51.0k -51,018
31 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 432,614432.6k $22.0m $22.0m 0.03% Added +35.9k +35,927
32 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 430,418430.4k $21.9m $21.9m 0.05% Reduced -552.6k -552,566
33 CWM, LLC 0.08% of their portfolio OMAHA, NE 418,143418.1k $21.3m $21.3m 0.08% Added +22.0k +22,024
34 Global Strategic Investment Solutions, LLC 2.38% of their portfolio Scottsdale, AZ 405,060405.1k $20.6m $20.6m 2.38% Added +29.5k +29,485
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 400,679400.7k $20.4m $20.4m 0.00% Added +37.5k +37,544
36 Trust Co 2.39% of their portfolio MANHATTAN, KS 395,947395.9k $20.1m $20.1m 2.39% Added +205.9k +205,905
37 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 387,120387.1k $19.7m $19.7m 0.03% Added +160.1k +160,109
38 MJP ASSOCIATES INC /ADV 3.42% of their portfolio FARMINGTON, CT 372,499372.5k $18.9m $18.9m 3.42% Added +16.9k +16,949
39 Advisor OS, LLC 2.16% of their portfolio CHICAGO, IL 372,499372.5k $18.9m $18.9m 2.16% Added +14.7k +14,730
40 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.35% of their portfolio MINNEAPOLIS, MN 371,461371.5k $18.9m $18.9m 0.35% Reduced -18.1k -18,120
41 Mariner, LLC 0.03% of their portfolio Overland Park, KS 370,236370.2k $18.8m $18.8m 0.03% Reduced -1.5k -1,519
42 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 310,375310.4k $15.8m $15.8m 0.03% New
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 303,361303.4k $15.4m $15.4m 0.03% Reduced -13.5k -13,456
44 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 291,711291.7k $14.8m $14.8m 0.04% Added +68.5k +68,542
45 Lido Advisors, LLC 0.09% of their portfolio Los Angeles, CA 290,330290.3k $14.8m $14.8m 0.09% Added +178.7k +178,678
46 Kestra Investment Management, LLC 0.20% of their portfolio AUSTIN, TX 286,722286.7k $11.5m $11.5m 0.20% Added +282.1k +282,083
47 Orion Portfolio Solutions, LLC 0.07% of their portfolio Omaha, NE 278,871278.9k $14.2m $14.2m 0.07% Added +136.0k +135,978
48 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 262,352262.4k $13.3m $13.3m 0.08% Added +27.2k +27,192
49 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 249,764249.8k $12.7m $12.7m 0.02% Added +103.2k +103,155
50 TD Capital Management LLC 1.28% of their portfolio MEMPHIS, TN 248,299248.3k $12.6m $12.6m 1.28% Added +1.1k +1,129
51 MBM WEALTH CONSULTANTS, LLC 3.68% of their portfolio CHESTERFIELD, MO 244,613244.6k $12.4m $12.4m 3.68% Reduced -8.4k -8,429
52 Interchange Capital Partners, LLC 3.47% of their portfolio PITTSBURGH, PA 243,538243.5k $12.4m $12.4m 3.47% Added +78.9k +78,877
53 FLPUTNAM INVESTMENT MANAGEMENT CO 0.23% of their portfolio PORTLAND, ME 237,217237.2k $12.1m $12.1m 0.23% Added +19.0k +19,027
54 Principle Wealth Partners LLC 0.85% of their portfolio MADISON, CT 234,414234.4k $11.9m $11.9m 0.85% Reduced -56.6k -56,552
55 Oak Harvest Investment Services 1.57% of their portfolio HOUSTON, TX 220,554220.6k $11.2m $11.2m 1.57% Added +30.3k +30,278
56 AlphaCore Capital LLC 0.96% of their portfolio LA JOLLA, CA 220,456220.5k $11.2m $11.2m 0.96% New
57 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 220,310220.3k $11.2m $11.2m 0.01% Added +45.6k +45,553
58 Boothe Investment Group, Inc. 5.06% of their portfolio DOVER, DE 218,071218.1k $11.1m $11.1m 5.06% Reduced -42.2k -42,228
59 Rosenberg Matthew Hamilton 2.65% of their portfolio GRAND JUNCTION, CO 208,159208.2k $10.6m $10.6m 2.65% Added +32.1k +32,061
60 Sunflower Bank, N.A. 2.96% of their portfolio DALLAS, TX 207,686207.7k $10.6m $10.6m 2.96% Added +16.5k +16,457
61 Perigon Wealth Management, LLC 0.27% of their portfolio SAN FRANCISCO, CA 205,521205.5k $10.5m $10.5m 0.27% Added +126.5k +126,497
62 Diversified Portfolios, Inc. 1.04% of their portfolio Bloomfield Hills, MI 194,018194.0k $9.9m $9.9m 1.04% Added +57.7k +57,670
63 Opal Wealth Advisors, LLC 3.03% of their portfolio JERICHO, NY 193,433193.4k $9.8m $9.8m 3.03% Added +33.1k +33,079
64 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 185,776185.8k $9.4m $9.4m 0.00% Added +23.2k +23,210
65 Phoenix Wealth Advisors 4.00% of their portfolio CHAPEL HILL, NC 180,633180.6k $9.2m $9.2m 4.00% Reduced -1.8k -1,764
66 Quotient Wealth Partners, LLC 0.28% of their portfolio DALLAS, TX 173,353173.4k $8.8m $8.8m 0.28% Added +12.9k +12,927
67 DAVIDSON INVESTMENT ADVISORS 0.42% of their portfolio GREAT FALLS, MT 169,057169.1k $8.6m $8.6m 0.42% Added +10.3k +10,328
68 Sequoia Financial Advisors, LLC 0.06% of their portfolio Akron, OH 163,984164.0k $8.3m $8.3m 0.06% Reduced -6.0k -6,005
69 Boulder Wealth Advisors, LLC 4.83% of their portfolio BOULDER, CO 163,246163.2k $8.3m $8.3m 4.83% Added +52.3k +52,349
70 AXXCESS WEALTH MANAGEMENT, LLC 0.22% of their portfolio CARLSBAD, CA 159,576159.6k $8.1m $8.1m 0.22% Added +23.4k +23,444
71 Aptus Capital Advisors, LLC 0.09% of their portfolio FAIRHOPE, AL 158,397158.4k $8.1m $8.1m 0.09% Reduced -7.3k -7,278
72 Great Point Wealth Advisors, LLC 1.72% of their portfolio BOSTON, MA 156,687156.7k $8.0m $8.0m 1.72% Added +92 +92
73 REGIONS FINANCIAL CORP 0.06% of their portfolio BIRMINGHAM, AL 156,546156.5k $8.0m $8.0m 0.06% Reduced -19.9k -19,928
74 Tortoise Investment Management, LLC 0.83% of their portfolio WHITE PLAINS, NY 156,530156.5k $8.0m $8.0m 0.83% Added +57.6k +57,580
75 Auxano Advisors, LLC 2.00% of their portfolio BELLEVUE, WA 148,631148.6k $7.6m $7.6m 2.00% Added +1.1k +1,097
76 Capital Asset Advisory Services LLC 0.38% of their portfolio Williamston, MI 147,072147.1k $7.5m $7.5m 0.38% Added +23.4k +23,404
77 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 140,244140.2k $7.1m $7.1m 0.01% Added +60.5k +60,489
78 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 135,978136.0k $6.9m $6.9m 0.07% Reduced -6.9k -6,915
79 Chesley Taft & Associates LLC 0.33% of their portfolio CHICAGO, IL 132,710132.7k $6.7m $6.7m 0.33% Added +15.6k +15,600
80 D L CARLSON INVESTMENT GROUP INC 1.29% of their portfolio CONCORD, NH 131,551131.6k $6.7m $6.7m 1.29% Reduced -13.6k -13,609
81 Prosperity Consulting Group, LLC 0.51% of their portfolio OWINGS MILLS, MD 130,828130.8k $6.7m $6.7m 0.51% Reduced -15.4k -15,403
82 Apex Wealth Management, LLC 5.95% of their portfolio BEDFORD, NH 130,144130.1k $6.6m $6.6m 5.95% Added +74.2k +74,222
83 McNamara Financial Services, Inc. 1.38% of their portfolio MARSHFIELD, MA 125,750125.8k $6.4m $6.4m 1.38% Added +8.9k +8,877
84 WEBSTERROGERS FINANCIAL ADVISORS, LLC 2.13% of their portfolio FLORENCE, SC 122,866122.9k $6.2m $6.2m 2.13% Reduced -989 -989
85 KEYBANK NATIONAL ASSOCIATION/OH 0.03% of their portfolio BROOKLYN, OH 122,790122.8k $6.2m $6.2m 0.03% Reduced -254 -254
86 Elmwood Wealth Management, Inc. 2.55% of their portfolio BERKELEY, CA 122,330122.3k $6.2m $6.2m 2.55% Added +15.1k +15,111
87 APPLETON PARTNERS INC/MA 0.48% of their portfolio BOSTON, MA 122,142122.1k $6.2m $6.2m 0.48% Reduced -3.9k -3,917
88 WCG Wealth Advisors LLC 0.46% of their portfolio LAS VEGAS, NV 119,855119.9k $6.1m $6.1m 0.46% Reduced -17.2k -17,213
89 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 119,728119.7k $6.1m $6.1m 0.04% Added +22.4k +22,359
90 Legacy CG, LLC 1.95% of their portfolio PLANO, TX 118,628118.6k $6.0m $6.0m 1.95% Reduced -10.3k -10,347
91 Mills Wealth Advisors LLC 3.11% of their portfolio SOUTHLAKE, TX 115,061115.1k $5.9m $5.9m 3.11% Reduced -76.7k -76,747
92 Insight Advisors, LLC/ PA 1.02% of their portfolio Newtown, PA 114,312114.3k $5.8m $5.8m 1.02% Added +4.9k +4,945
93 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 112,097112.1k $5.7m $5.7m 0.01% Reduced -13.4k -13,424
94 PDS Planning, Inc 0.48% of their portfolio DUBLIN, OH 110,976111.0k $5.6m $5.6m 0.48% Added +6.9k +6,920
95 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 110,615110.6k $5.6m $5.6m 0.01% Added +40.1k +40,130
96 SOL Capital Management CO 0.61% of their portfolio ROCKVILLE, MD 109,365109.4k $5.6m $5.6m 0.61% Added +22.5k +22,475
97 CFO4Life Group, LLC 0.93% of their portfolio COPPELL, TX 109,075109.1k $5.5m $5.5m 0.93% Reduced -133.1k -133,126
98 Smith Anglin Financial, LLC 0.58% of their portfolio DALLAS, TX 108,470108.5k $5.5m $5.5m 0.58% Reduced -6.9k -6,871
99 Transform Wealth, LLC 0.33% of their portfolio GREENWOOD VILLAGE, CO 108,104108.1k $5.5m $5.5m 0.33% Reduced -203.8k -203,764
100 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 107,738107.7k $5.5m $5.5m 0.04% Added +19.7k +19,685