Vault-13

J P MORGAN EXCHANGE TRADED F JMST

ULTRA SHT MUNCPL · ETP · CUSIP 46641Q654

502 institutional holders +9 vs Q1 2025
58,931,46658.9m shares reported held*
$3.0bnreported value*
46 new 245 added 156 reduced 32 sold out net bought ≈ $372.8m (+7.3m 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 ($25.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.92.

Trends to Q2 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: 493Q2 25: 502502Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025502

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 139 bought or addedQ3 23: 207 cut or sold outQ4 23: 167 bought or addedQ4 23: 191 cut or sold outQ4 23Q1 24: 189 bought or addedQ1 24: 179 cut or sold outQ2 24: 204 bought or addedQ2 24: 185 cut or sold outQ2 24Q3 24: 235 bought or addedQ3 24: 172 cut or sold outQ4 24: 233 bought or addedQ4 24: 184 cut or sold outQ4 24Q1 25: 305 bought or addedQ1 25: 168 cut or sold outQ2 25: 291 bought or addedQ2 25: 188 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023139207
Q4 2023167191
Q1 2024189179
Q2 2024204185
Q3 2024235172
Q4 2024233184
Q1 2025305168
Q2 2025291188

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 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 —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$329.6k$00.00
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

GRIMES & Co WEALTH MANAGEMENT, LLC New +1,089,770+1.1m
Mariner, LLC Added +552,752+552.8k
ROYAL BANK OF CANADA Added +509,137+509.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +479,460+479.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +464,869+464.9k
Interchange Capital Partners, LLC Added +450,882+450.9k
Rockefeller Capital Management L.P. Added +425,565+425.6k
LPL Financial LLC Added +421,284+421.3k
KEYBANK NATIONAL ASSOCIATION/OH Added +288,213+288.2k
AlphaCore Capital LLC Added +278,288+278.3k

Biggest sellers

BAILARD, INC. Reduced -356,480-356.5k
FMR LLC Reduced -275,211-275.2k
Thrivent Financial for Lutherans Reduced -268,900-268.9k
GREAT VALLEY ADVISOR GROUP, INC. Reduced -246,490-246.5k
Cambridge Investment Research Advisors, Inc. Reduced -237,882-237.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -194,613-194.6k
Avidian Wealth Enterprises, LLC Reduced -160,269-160.3k
D L CARLSON INVESTMENT GROUP INC Sold out -131,551-131.6k
Perigon Wealth Management, LLC Reduced -130,939-130.9k
JANE STREET GROUP, LLC Reduced -97,124-97.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 3,612,5053.6m $183.9m $183.9m 0.13% Added +464.9k +464,869
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,326,3973.3m $169.4m $169.4m 0.01% Added +259.6k +259,552
3 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 3,132,1673.1m $159.5m $159.5m 0.05% Added +421.3k +421,284
4 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,476,0761.5m $75.2m $75.2m 0.02% Added +151.7k +151,727
5 FMR LLC 0.00% of their portfolio BOSTON, MA 1,420,4931.4m $72.3m $72.3m 0.00% Reduced -275.2k -275,211
6 Resonant Capital Advisors, LLC 4.20% of their portfolio Madison, WI 1,291,6971.3m $65.8m $65.8m 4.20% Added +11.9k +11,940
7 GRIMES & Co WEALTH MANAGEMENT, LLC 1.51% of their portfolio WESTBOROUGH, MA 1,089,7701.1m $55.5m $55.5m 1.51% New
8 Salomon & Ludwin, LLC 5.10% of their portfolio RICHMOND, VA 1,016,7541.0m $51.7m $51.7m 5.10% Reduced -482 -482
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,011,9571.0m $51.5m $51.5m 0.00% Added +151.4k +151,379
10 Mariner, LLC 0.07% of their portfolio Overland Park, KS 922,988923.0k $47.0m $47.0m 0.07% Added +552.8k +552,752
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 909,816909.8k $46.3m $46.3m 0.00% Added +509.1k +509,137
12 NorthRock Partners, LLC 1.20% of their portfolio MINNEAPOLIS, MN 904,286904.3k $46.0m $46.0m 1.20% Added +82.0k +81,988
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 901,073901.1k $45.9m $45.9m 0.01% Added +235.6k +235,581
14 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 893,195893.2k $45.5m $45.5m 0.06% Reduced -25.5k -25,526
15 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 813,890813.9k $41.4m $41.4m 0.06% Reduced -88.5k -88,503
16 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 809,121809.1k $41.2m $41.2m 0.01% Added +91.0k +90,987
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 782,821782.8k $39.8m $39.8m 0.07% Added +479.5k +479,460
18 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 714,466714.5k $36.4m $36.4m 0.01% Added +166.4k +166,441
19 Interchange Capital Partners, LLC 8.17% of their portfolio PITTSBURGH, PA 694,420694.4k $35.4m $35.4m 8.17% Added +450.9k +450,882
20 BAILARD, INC. 0.81% of their portfolio Foster City, CA 680,488680.5k $34.7m $34.7m 0.81% Reduced -356.5k -356,480
21 HB Wealth Management, LLC 0.26% of their portfolio Atlanta, GA 633,259633.3k $32.2m $32.2m 0.26% Reduced -6.7k -6,697
22 Bridgewater Advisors Inc. 2.40% of their portfolio NEW YORK, NY 619,808619.8k $31.6m $31.6m 2.40% Added +128.4k +128,368
23 WEATHERLY ASSET MANAGEMENT L. P. 2.66% of their portfolio DEL MAR, CA 612,924612.9k $31.2m $31.2m 2.66% Added +6.2k +6,187
24 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 599,943599.9k $30.5m $30.5m 0.05% Added +53.4k +53,373
25 FSM Wealth Advisors, LLC 4.89% of their portfolio CLEVELAND, OH 591,934591.9k $30.1m $30.1m 4.89% Reduced -3.5k -3,525
26 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 590,217590.2k $30.1m $30.1m 0.04% Added +203.1k +203,097
27 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 541,812541.8k $27.6m $27.6m 0.05% Added +3.3k +3,340
28 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 536,180536.2k $27.3m $27.3m 0.03% Added +425.6k +425,565
29 CWA Asset Management Group, LLC 1.14% of their portfolio NAPLES, FL 530,088530.1k $27.0m $27.0m 1.14% Added +52.1k +52,087
30 Global Wealth Management, LLC 14.63% of their portfolio KINGSTON, NJ 524,373524.4k $26.7m $26.7m 14.63% Added +7.5k +7,491
31 AlphaCore Capital LLC 0.97% of their portfolio LA JOLLA, CA 498,744498.7k $25.4m $25.4m 0.97% Added +278.3k +278,288
32 CWM, LLC 0.09% of their portfolio OMAHA, NE 485,473485.5k $24.7m $24.7m 0.09% Added +67.3k +67,330
33 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 457,704457.7k $23.3m $23.3m 0.03% Added +25.1k +25,090
34 MJP ASSOCIATES INC /ADV 3.45% of their portfolio FARMINGTON, CT 457,401457.4k $23.3m $23.3m 3.45% Added +84.9k +84,902
35 Advisor OS, LLC 2.28% of their portfolio CHICAGO, IL 454,766454.8k $23.2m $23.2m 2.28% Added +82.3k +82,267
36 Fiduciary Trust Co 0.27% of their portfolio Boston, MA 437,628437.6k $22.3m $22.3m 0.27% Reduced -43.5k -43,541
37 NewEdge Advisors, LLC 0.11% of their portfolio NEW ORLEANS, LA 427,220427.2k $21.8m $21.8m 0.11% Added +164.9k +164,868
38 Integrated Wealth Concepts LLC 0.22% of their portfolio WALTHAM, MA 426,216426.2k $21.7m $21.7m 0.22% Reduced -10.5k -10,505
39 Avidian Wealth Enterprises, LLC 0.88% of their portfolio Houston, TX 425,380425.4k $21.7m $21.7m 0.88% Reduced -160.3k -160,269
40 KEYBANK NATIONAL ASSOCIATION/OH 0.08% of their portfolio BROOKLYN, OH 411,003411.0k $20.9m $20.9m 0.08% Added +288.2k +288,213
41 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 404,826404.8k $20.6m $20.6m 0.04% Reduced -25.6k -25,592
42 Global Strategic Investment Solutions, LLC 2.16% of their portfolio Scottsdale, AZ 397,358397.4k $20.2m $20.2m 2.16% Reduced -7.7k -7,702
43 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.34% of their portfolio MINNEAPOLIS, MN 395,637395.6k $20.1m $20.1m 0.34% Added +24.2k +24,176
44 FLPUTNAM INVESTMENT MANAGEMENT CO 0.34% of their portfolio PORTLAND, ME 394,192394.2k $20.1m $20.1m 0.34% Added +157.0k +156,975
45 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 373,716373.7k $19.0m $19.0m 0.04% Reduced -268.9k -268,900
46 Trust Co 2.04% of their portfolio MANHATTAN, KS 354,856354.9k $18.1m $18.1m 2.04% Reduced -41.1k -41,091
47 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 331,184331.2k $16.9m $16.9m 0.04% Added +39.5k +39,473
48 Lido Advisors, LLC 0.09% of their portfolio Los Angeles, CA 330,535330.5k $16.8m $16.8m 0.09% Added +40.2k +40,205
49 MY Wealth Management Inc. 14.61% of their portfolio GERMANTOWN, MD 299,420299.4k $15.2m $15.2m 14.61% Added +261.5k +261,462
50 AXXCESS WEALTH MANAGEMENT, LLC 0.32% of their portfolio CARLSBAD, CA 263,278263.3k $13.4m $13.4m 0.32% Added +103.7k +103,702
51 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 254,332254.3k $13.0m $13.0m 0.01% Added +34.0k +34,022
52 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 251,529251.5k $12.8m $12.8m 0.04% Reduced -237.9k -237,882
53 TD Capital Management LLC 1.20% of their portfolio MEMPHIS, TN 250,699250.7k $12.8m $12.8m 1.20% Added +2.4k +2,400
54 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 249,001249.0k $12.7m $12.7m 0.00% Reduced -194.6k -194,613
55 MBM WEALTH CONSULTANTS, LLC 3.39% of their portfolio CHESTERFIELD, MO 248,447248.4k $12.7m $12.7m 3.39% Added +3.8k +3,834
56 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 248,340248.3k $12.6m $12.6m 0.07% Added +128.6k +128,612
57 Oak Harvest Investment Services 1.53% of their portfolio HOUSTON, TX 239,415239.4k $12.2m $12.2m 1.53% Added +18.9k +18,861
58 Kestra Investment Management, LLC 0.19% of their portfolio AUSTIN, TX 239,246239.2k $12.2m $12.2m 0.19% Reduced -47.5k -47,476
59 Boothe Investment Group, Inc. 4.48% of their portfolio DOVER, DE 230,824230.8k $11.8m $11.8m 4.48% Added +12.8k +12,753
60 Capital Asset Advisory Services LLC 0.55% of their portfolio Williamston, MI 230,052230.1k $11.7m $11.7m 0.55% Added +83.0k +82,980
61 GREAT VALLEY ADVISOR GROUP, INC. 0.26% of their portfolio WILMINGTON, DE 229,429229.4k $11.7m $11.7m 0.26% Reduced -246.5k -246,490
62 Diversified Portfolios, Inc. 1.11% of their portfolio Bloomfield Hills, MI 228,795228.8k $11.7m $11.7m 1.11% Added +34.8k +34,777
63 Sunflower Bank, N.A. 2.84% of their portfolio DALLAS, TX 220,743220.7k $11.2m $11.2m 2.84% Added +13.1k +13,057
64 Rosenberg Matthew Hamilton 2.61% of their portfolio GRAND JUNCTION, CO 220,644220.6k $11.2m $11.2m 2.61% Added +12.5k +12,485
65 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 216,874216.9k $11.0m $11.0m 0.00% Added +31.1k +31,098
66 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 213,902213.9k $10.9m $10.9m 0.02% Reduced -35.9k -35,862
67 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 213,251213.3k $10.9m $10.9m 0.02% Reduced -97.1k -97,124
68 Auxano Advisors, LLC 2.52% of their portfolio BELLEVUE, WA 211,534211.5k $10.8m $10.8m 2.52% Added +62.9k +62,903
69 Principle Wealth Partners LLC 0.63% of their portfolio MADISON, CT 197,265197.3k $10.0m $10.0m 0.63% Reduced -37.1k -37,149
70 DAVIDSON INVESTMENT ADVISORS 0.45% of their portfolio GREAT FALLS, MT 194,877194.9k $9.9m $9.9m 0.45% Added +25.8k +25,820
71 Opal Wealth Advisors, LLC 2.68% of their portfolio JERICHO, NY 189,697189.7k $9.7m $9.7m 2.68% Reduced -3.7k -3,736
72 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 182,651182.7k $9.3m $9.3m 0.01% Added +42.4k +42,407
73 Phoenix Wealth Advisors 3.89% of their portfolio CHAPEL HILL, NC 182,646182.6k $9.3m $9.3m 3.89% Added +2.0k +2,013
74 Quotient Wealth Partners, LLC 0.27% of their portfolio DALLAS, TX 181,152181.2k $9.2m $9.2m 0.27% Added +7.8k +7,799
75 WCG Wealth Advisors LLC 0.58% of their portfolio LAS VEGAS, NV 176,462176.5k $9.0m $9.0m 0.58% Added +56.6k +56,607
76 Tortoise Investment Management, LLC 0.84% of their portfolio WHITE PLAINS, NY 173,390173.4k $8.8m $8.8m 0.84% Added +16.9k +16,860
77 Chesley Taft & Associates LLC 0.37% of their portfolio CHICAGO, IL 164,260164.3k $8.4m $8.4m 0.37% Added +31.6k +31,550
78 Sequoia Financial Advisors, LLC 0.06% of their portfolio Akron, OH 161,716161.7k $8.2m $8.2m 0.06% Reduced -2.3k -2,268
79 Aptus Capital Advisors, LLC 0.08% of their portfolio FAIRHOPE, AL 153,074153.1k $7.8m $7.8m 0.08% Reduced -5.3k -5,323
80 REGIONS FINANCIAL CORP 0.05% of their portfolio BIRMINGHAM, AL 144,281144.3k $7.3m $7.3m 0.05% Reduced -12.3k -12,265
81 Elmwood Wealth Management, Inc. 2.86% of their portfolio BERKELEY, CA 141,499141.5k $7.2m $7.2m 2.86% Added +19.2k +19,169
82 McNamara Financial Services, Inc. 1.42% of their portfolio MARSHFIELD, MA 140,310140.3k $7.1m $7.1m 1.42% Added +14.6k +14,560
83 BEACON INVESTMENT ADVISORY SERVICES, INC. 0.31% of their portfolio MORRISTOWN, NJ 139,051139.1k $7.1m $7.1m 0.31% Added +34.2k +34,203
84 Whitegate Investment Counselors, Inc. 2.37% of their portfolio CONCORD, NH 137,350137.3k $7.0m $7.0m 2.37% Added +51.1k +51,135
85 Insight Advisors, LLC/ PA 1.09% of their portfolio Newtown, PA 132,843132.8k $6.8m $6.8m 1.09% Added +18.5k +18,531
86 Orion Porfolio Solutions, LLC 0.06% of their portfolio OMAHA, NE 130,822130.8k $6.7m $6.7m 0.06% Reduced -5.2k -5,156
87 Apex Wealth Management, LLC 5.34% of their portfolio BEDFORD, NH 130,647130.6k $6.7m $6.7m 5.34% Added +503 +503
88 Cooper Financial Group 0.78% of their portfolio IRVINE, CA 129,514129.5k $6.6m $6.6m 0.78% Added +55.6k +55,649
89 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 124,674124.7k $6.3m $6.3m 0.01% Added +12.6k +12,577
90 Legacy Private Trust Co. 0.41% of their portfolio NEENAH, WI 123,767123.8k $6.3m $6.3m 0.41% Added +18.4k +18,418
91 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 123,311123.3k $6.3m $6.3m 0.04% Added +15.6k +15,573
92 SOL Capital Management CO 0.59% of their portfolio ROCKVILLE, MD 120,360120.4k $6.1m $6.1m 0.59% Added +11.0k +10,995
93 WEBSTERROGERS FINANCIAL ADVISORS, LLC 1.93% of their portfolio FLORENCE, SC 119,412119.4k $6.1m $6.1m 1.93% Reduced -3.5k -3,454
94 Southeast Asset Advisors, LLC 0.72% of their portfolio THOMASVILLE, GA 119,039119.0k $6.1m $6.1m 0.72% New
95 Wealthcare Advisory Partners LLC 0.13% of their portfolio WEST CHESTER, PA 116,154116.2k $5.9m $5.9m 0.13% Added +53.0k +52,996
96 APPLETON PARTNERS INC/MA 0.41% of their portfolio BOSTON, MA 113,012113.0k $5.8m $5.8m 0.41% Reduced -9.1k -9,130
97 Prosperity Consulting Group, LLC 0.42% of their portfolio OWINGS MILLS, MD 111,763111.8k $5.7m $5.7m 0.42% Reduced -19.1k -19,065
98 Goelzer Investment Management, Inc. 0.31% of their portfolio CARMEL, IN 110,222110.2k $5.6m $5.6m 0.31% Added +45.6k +45,577
99 IMZ Advisory Inc 2.24% of their portfolio BOCA RATON, FL 110,003110.0k $5.6m $5.6m 2.24% Added +8.3k +8,305
100 ALBION FINANCIAL GROUP /UT 0.36% of their portfolio SALT LAKE CITY, UT 109,409109.4k $5.6m $5.6m 0.36% Added +22.1k +22,110