Vault-13

J P MORGAN EXCHANGE TRADED F JMST

ULTRA SHT MUNCPL · ETP · CUSIP 46641Q654

547 institutional holders +48 vs Q3 2025
66,993,38167.0m shares reported held*
$3.4bnreported value*
45 new 242 added 161 reduced 26 sold out net bought ≈ $254.0m (+5.0m 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.95.

Trends to Q4 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: 502Q3 25: 499Q4 25: 547547Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025499
Q4 2025547

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 285 bought or addedQ3 25: 191 cut or sold outQ4 25: 287 bought or addedQ4 25: 187 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024189179
Q2 2024204185
Q3 2024235172
Q4 2024233184
Q1 2025305168
Q2 2025291188
Q3 2025285191
Q4 2025287187

Biggest buyers

Corient Private Wealth LP Added +1,414,122+1.4m
Sage Mountain Advisors LLC New +590,000+590.0k
HB Wealth Management, LLC Added +444,793+444.8k
WCG Wealth Advisors LLC Added +356,972+357.0k
SouthState Bank Corp Added +282,280+282.3k
TFO Wealth Partners, LLC Added +279,117+279.1k
Dynasty Wealth Management, LLC New +233,996+234.0k
SIMON QUICK ADVISORS, LLC New +205,738+205.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +198,260+198.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +192,499+192.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,061,830-1.1m
COMMONWEALTH EQUITY SERVICES, LLC Reduced -189,107-189.1k
Integrated Wealth Concepts LLC Reduced -187,126-187.1k
Sunflower Bank, N.A. Reduced -183,553-183.6k
Thrivent Financial for Lutherans Reduced -162,476-162.5k
MY Wealth Management Inc. Reduced -129,907-129.9k
Apex Wealth Management, LLC Reduced -110,112-110.1k
Elequin Capital, LP Reduced -106,330-106.3k
Cooper Financial Group Reduced -104,685-104.7k
NorthCoast Asset Management LLC Sold out -85,795-85.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 3,973,1284.0m $202.4m $202.4m 0.13% Added +192.5k +192,499
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,956,7834.0m $201.6m $201.6m 0.01% Added +170.2k +170,229
3 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,024,2963.0m $154.1m $154.1m 0.04% Added +54.5k +54,500
4 HB Wealth Management, LLC 0.72% of their portfolio Atlanta, GA 2,177,9122.2m $110.9m $110.9m 0.72% Added +444.8k +444,793
5 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 1,786,4221.8m $91.0m $91.0m 0.06% Added +1.4m +1,414,122
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,481,9281.5m $75.5m $75.5m 0.01% Added +136.1k +136,125
7 Resonant Capital Advisors, LLC 4.02% of their portfolio Madison, WI 1,432,0231.4m $73.1m $73.1m 4.02% Added +11.6k +11,620
8 FMR LLC 0.00% of their portfolio BOSTON, MA 1,381,7691.4m $70.4m $70.4m 0.00% Added +167 +167
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,339,1761.3m $68.2m $68.2m 0.00% Reduced -1.1m -1,061,830
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 1,268,7311.3m $64.7m $64.7m 0.09% Added +198.3k +198,260
11 NorthRock Partners, LLC 1.02% of their portfolio MINNEAPOLIS, MN 1,184,0161.2m $60.3m $60.3m 1.02% Added +147.5k +147,479
12 Salomon & Ludwin, LLC 5.28% of their portfolio RICHMOND, VA 1,172,0701.2m $59.7m $59.7m 5.28% Added +22.0k +22,032
13 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,099,7861.1m $56.0m $56.0m 0.01% Added +177.9k +177,944
14 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,048,1201.0m $53.4m $53.4m 0.01% Added +9.3k +9,339
15 GRIMES & Co WEALTH MANAGEMENT, LLC 1.24% of their portfolio WESTBOROUGH, MA 1,018,3791.0m $51.9m $51.9m 1.24% Reduced -32.5k -32,514
16 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 894,113894.1k $45.5m $45.5m 0.01% Reduced -12.5k -12,472
17 Mariner, LLC 0.05% of their portfolio Overland Park, KS 888,937888.9k $45.3m $45.3m 0.05% Added +97.9k +97,892
18 Interchange Capital Partners, LLC 7.12% of their portfolio PITTSBURGH, PA 754,000754.0k $38.4m $38.4m 7.12% Added +1.6k +1,644
19 WEATHERLY ASSET MANAGEMENT L. P. 2.78% of their portfolio DEL MAR, CA 707,636707.6k $36.1m $36.1m 2.78% Added +25.8k +25,812
20 Bridgewater Advisors Inc. 2.28% of their portfolio NEW YORK, NY 689,620689.6k $35.2m $35.2m 2.28% Added +32.7k +32,667
21 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 657,456657.5k $33.5m $33.5m 0.05% Reduced -29.2k -29,176
22 FLPUTNAM INVESTMENT MANAGEMENT CO 0.46% of their portfolio PORTLAND, ME 617,884617.9k $31.5m $31.5m 0.46% Added +44.5k +44,473
23 FSM Wealth Advisors, LLC 4.29% of their portfolio CLEVELAND, OH 615,055615.1k $31.3m $31.3m 4.29% Added +15.6k +15,629
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 591,728591.7k $30.1m $30.1m 0.01% Added +129.1k +129,076
25 Sage Mountain Advisors LLC 1.59% of their portfolio ATLANTA, GA 590,000590.0k $30.1m $30.1m 1.59% New
26 AlphaCore Capital LLC 0.67% of their portfolio LA JOLLA, CA 582,811582.8k $29.8m $29.8m 0.67% Added +86.0k +85,971
27 KEYBANK NATIONAL ASSOCIATION/OH 0.10% of their portfolio BROOKLYN, OH 533,422533.4k $27.2m $27.2m 0.10% Added +123.7k +123,715
28 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 525,168525.2k $26.8m $26.8m 0.04% Reduced -11.0k -11,036
29 Global Wealth Management, LLC 14.33% of their portfolio KINGSTON, NJ 522,702522.7k $26.6m $26.6m 14.33% Reduced -8.9k -8,880
30 Trust Co 2.41% of their portfolio MANHATTAN, KS 503,857503.9k $25.7m $25.7m 2.41% Added +63.7k +63,732
31 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 493,519493.5k $25.2m $25.2m 0.03% Added +165.2k +165,179
32 WCG Wealth Advisors LLC 0.70% of their portfolio LAS VEGAS, NV 493,050493.1k $25.1m $25.1m 0.70% Added +357.0k +356,972
33 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 466,576466.6k $23.8m $23.8m 0.03% Added +18.2k +18,221
34 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.36% of their portfolio MINNEAPOLIS, MN 462,390462.4k $23.6m $23.6m 0.36% Added +75.9k +75,894
35 CWA Asset Management Group, LLC 0.81% of their portfolio NAPLES, FL 440,879440.9k $22.5m $22.5m 0.81% Reduced -84.5k -84,511
36 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 433,117433.1k $22.1m $22.1m 0.06% Added +187.5k +187,545
37 Global Strategic Investment Solutions, LLC 2.15% of their portfolio Scottsdale, AZ 432,204432.2k $22.0m $22.0m 2.15% Added +22.1k +22,109
38 Integrated Wealth Concepts LLC 0.25% of their portfolio WALTHAM, MA 412,846412.8k $21.0m $21.0m 0.25% Reduced -187.1k -187,126
39 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 392,805392.8k $20.0m $20.0m 0.02% Added +123.1k +123,144
40 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 390,535390.5k $19.9m $19.9m 0.01% Added +121.8k +121,782
41 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 366,323366.3k $18.7m $18.7m 0.04% Added +9.2k +9,158
42 CWM, LLC 0.05% of their portfolio OMAHA, NE 353,511353.5k $18.0m $18.0m 0.05% Reduced -6.6k -6,576
43 TFO Wealth Partners, LLC 2.61% of their portfolio MAUMEE, OH 342,711342.7k $17.5m $17.5m 2.61% Added +279.1k +279,117
44 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 337,701337.7k $17.2m $17.2m 0.02% Reduced -189.1k -189,107
45 Fiduciary Trust Co 0.19% of their portfolio Boston, MA 329,297329.3k $16.8m $16.8m 0.19% Reduced -70.6k -70,551
46 AXXCESS WEALTH MANAGEMENT, LLC 0.29% of their portfolio CARLSBAD, CA 323,330323.3k $16.5m $16.5m 0.29% Added +39.0k +39,033
47 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 322,233322.2k $16.4m $16.4m 0.01% Added +69.6k +69,587
48 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 319,849319.8k $16.3m $16.3m 0.00% Added +30.3k +30,290
49 Diversified Portfolios, Inc. 1.26% of their portfolio Bloomfield Hills, MI 297,129297.1k $15.1m $15.1m 1.26% Added +43.8k +43,792
50 Auxano Advisors, LLC 2.95% of their portfolio BELLEVUE, WA 293,259293.3k $14.9m $14.9m 2.95% Added +448 +448
51 SouthState Bank Corp 0.65% of their portfolio Winter Haven, FL 286,731286.7k $14.6m $14.6m 0.65% Added +282.3k +282,280
52 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 283,816283.8k $14.5m $14.5m 0.06% Reduced -20.0k -20,008
53 Capital Asset Advisory Services LLC 0.58% of their portfolio Williamston, MI 281,874281.9k $14.4m $14.4m 0.58% Added +34.8k +34,766
54 Boothe Investment Group, Inc. 4.87% of their portfolio DOVER, DE 266,990267.0k $13.6m $13.6m 4.87% Added +9.6k +9,638
55 Rosenberg Matthew Hamilton 2.80% of their portfolio GRAND JUNCTION, CO 265,768265.8k $13.5m $13.5m 2.80% Added +12.0k +12,049
56 Oak Harvest Investment Services 1.46% of their portfolio HOUSTON, TX 262,409262.4k $13.4m $13.4m 1.46% Added +15.6k +15,628
57 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 252,574252.6k $12.9m $12.9m 0.05% Added +23.2k +23,238
58 Avidian Wealth Enterprises, LLC 0.46% of their portfolio Houston, TX 247,572247.6k $12.6m $12.6m 0.46% Reduced -8.3k -8,331
59 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 246,506246.5k $12.6m $12.6m 0.06% Reduced -20.6k -20,626
60 MBM WEALTH CONSULTANTS, LLC 2.88% of their portfolio CHESTERFIELD, MO 237,529237.5k $12.1m $12.1m 2.88% Reduced -19.3k -19,319
61 Dynasty Wealth Management, LLC 0.12% of their portfolio ST. PETERSBURG, FL 233,996234.0k $11.9m $11.9m 0.12% New
62 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 232,838232.8k $11.9m $11.9m 0.02% Reduced -162.5k -162,476
63 TD Capital Management LLC 1.04% of their portfolio MEMPHIS, TN 230,340230.3k $11.7m $11.7m 1.04% Reduced -15.0k -15,019
64 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 224,544224.5k $11.4m $11.4m 0.01% Reduced -186 -186
65 Principle Wealth Partners LLC 0.64% of their portfolio MADISON, CT 222,970223.0k $11.4m $11.4m 0.64% Added +2.9k +2,944
66 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 215,564215.6k $11.0m $11.0m 0.02% Reduced -20.7k -20,683
67 GREAT VALLEY ADVISOR GROUP, INC. 0.21% of their portfolio WILMINGTON, DE 212,930212.9k $10.8m $10.8m 0.21% Added +10.4k +10,429
68 Gradient Investments LLC 0.17% of their portfolio ARDEN HILLS, MN 208,967209.0k $10.6m $10.6m 0.17% Added +63.2k +63,204
69 Opal Wealth Advisors, LLC 2.77% of their portfolio JERICHO, NY 208,448208.4k $10.6m $10.6m 2.77% Added +2.7k +2,735
70 SIMON QUICK ADVISORS, LLC 0.46% of their portfolio MORRISTOWN, NJ 205,738205.7k $10.5m $10.5m 0.46% New
71 Chesley Taft & Associates LLC 0.41% of their portfolio CHICAGO, IL 201,640201.6k $10.3m $10.3m 0.41% Added +36.4k +36,350
72 DAVIDSON INVESTMENT ADVISORS 0.43% of their portfolio GREAT FALLS, MT 201,509201.5k $10.3m $10.3m 0.43% Reduced -50.7k -50,672
73 Sequoia Financial Advisors, LLC 0.05% of their portfolio Akron, OH 192,256192.3k $9.8m $9.8m 0.05% Added +34.2k +34,232
74 Phoenix Wealth Advisors 3.66% of their portfolio CHAPEL HILL, NC 186,898186.9k $9.5m $9.5m 3.66% Added +2.2k +2,200
75 Whitegate Investment Counselors, Inc. 2.88% of their portfolio CONCORD, NH 180,770180.8k $9.2m $9.2m 2.88% Added +35.6k +35,565
76 CITIZENS FINANCIAL GROUP INC/RI 0.12% of their portfolio PROVIDENCE, RI 173,479173.5k $8.9m $8.9m 0.12% Added +37.3k +37,323
77 IF Advisors, LLC 7.07% of their portfolio SAN ANTONIO, TX 170,850170.8k $8.7m $8.7m 7.07% First filing
78 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 168,696168.7k $8.6m $8.6m 0.01% Added +51.9k +51,937
79 Aptus Capital Advisors, LLC 0.07% of their portfolio FAIRHOPE, AL 166,353166.4k $8.5m $8.5m 0.07% Added +36.0k +36,048
80 Great Point Wealth Advisors, LLC 1.51% of their portfolio BOSTON, MA 161,970162.0k $8.3m $8.3m 1.51% Added +23.0k +23,030
81 Quotient Wealth Partners, LLC 0.22% of their portfolio DALLAS, TX 160,542160.5k $8.2m $8.2m 0.22% Reduced -7.5k -7,485
82 McNamara Financial Services, Inc. 1.55% of their portfolio MARSHFIELD, MA 160,095160.1k $8.2m $8.2m 1.55% Added +16.9k +16,925
83 Tortoise Investment Management, LLC 0.69% of their portfolio WHITE PLAINS, NY 155,119155.1k $7.9m $7.9m 0.69% Reduced -20.1k -20,121
84 Elmwood Wealth Management, Inc. 2.48% of their portfolio BERKELEY, CA 154,332154.3k $7.9m $7.9m 2.48% Added +8.7k +8,705
85 Farther Finance Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 152,464152.5k $7.8m $7.8m 0.08% Added +47.2k +47,183
86 Southeast Asset Advisors, LLC 0.73% of their portfolio THOMASVILLE, GA 150,610150.6k $7.7m $7.7m 0.73% Added +38.3k +38,320
87 Insight Advisors, LLC/ PA 1.14% of their portfolio Newtown, PA 147,604147.6k $7.5m $7.5m 1.14% Added +13.0k +12,984
88 REGIONS FINANCIAL CORP 0.05% of their portfolio BIRMINGHAM, AL 144,287144.3k $7.3m $7.3m 0.05% Reduced -989 -989
89 Capital Analysts, LLC 0.20% of their portfolio FORT WASHINGTON, PA 143,485143.5k $7.3m $7.3m 0.20% Added +12.3k +12,283
90 Elequin Capital, LP 0.94% of their portfolio NEW YORK, NY 140,871140.9k $7.2m $7.2m 0.94% Reduced -106.3k -106,330
91 Sierra Capital LLC 0.74% of their portfolio MIAMI, FL 137,619137.6k $7.0m $7.0m 0.74% Added +39.2k +39,244
92 Prosperity Consulting Group, LLC 0.31% of their portfolio OWINGS MILLS, MD 136,298136.3k $6.9m $6.9m 0.31% Added +11.4k +11,370
93 CENTRAL TRUST Co 0.13% of their portfolio JEFFERSON CITY, MO 133,743133.7k $6.8m $6.8m 0.13% Reduced -390 -390
94 Summit Financial, LLC 0.10% of their portfolio PARSIPPANY, NJ 131,096131.1k $6.7m $6.7m 0.10% Reduced -3.0k -3,035
95 EP Wealth Advisors, LLC 0.03% of their portfolio TORRANCE, CA 130,874130.9k $6.7m $6.7m 0.03% First filing
96 Syntegra Private Wealth Group, LLC 0.60% of their portfolio Chesterfield, MO 129,239129.2k $6.6m $6.6m 0.60% Added +23.0k +23,010
97 Per Stirling Capital Management, LLC. 0.74% of their portfolio AUSTIN, TX 128,944128.9k $6.6m $6.6m 0.74% Added +8.5k +8,460
98 WEBSTERROGERS FINANCIAL ADVISORS, LLC 1.84% of their portfolio FLORENCE, SC 124,583124.6k $6.3m $6.3m 1.84% Added +4.7k +4,717
99 Valeo Financial Advisors, LLC 0.14% of their portfolio CARMEL, IN 121,913121.9k $6.2m $6.2m 0.14% New
100 SOL Capital Management CO 0.55% of their portfolio ROCKVILLE, MD 119,865119.9k $6.1m $6.1m 0.55% Added +355 +355