JPMorgan Municipal

JMUB • BATS

JPMorgan Municipal is an exchange-traded fund on BATS. As of Q3 2025, 387 institutional investors hold shares in this ETF, with total holdings valued at $3.0B. LPL Financial LLC is the largest holder with a position valued at $193.3M.

Overview

Overview of institutional ownership in JMUB as of Q3 2025

All Institutions

Institutions: 387
Value Held: $3.0B
Shares Held: 60.3M
Avg Position: $7.9M
Median Position: $1.4M

Hedge Funds

Hedge Funds: 4
Value Held: $19.2M
Shares Held: 380.3K
Avg Position: $4.8M
Median Position: $5.7M

Biggest Investors

Institutions with the largest positions in JMUB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$193.3M 0.06% of portfolio	3.8M shares	Q1 2020 Held for 5y 8m	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$162.0M 0.11% of portfolio	3.2M shares	Q4 2022 Held for 2y 11m	$149.83B
Meeder Advisory Services, Inc. Long Only Manager	Robert Sherman (Jr) Meeder President	$148.4M 6.90% of portfolio	2.9M shares	Q1 2025 Held for 8 months	$2.2B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$128.0M 0.20% of portfolio	2.5M shares	Q2 2023 Held for 2y 5m	$65.5B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$122.8M 0.14% of portfolio	2.4M shares	Q1 2024 Held for 1y 8m	$85.4B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$113.3M 0.03% of portfolio	2.2M shares	Q2 2024 Held for 1y 5m	$433.11B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$69.6M 0.02% of portfolio	1.4M shares	Q4 2024 Held for 11 months	$310.43B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$63.2M 0.00% of portfolio	1.3M shares	Q2 2023 Held for 2y 5m	$1.33T
BKD Wealth Advisors, LLC RIA/Wealth	William Thompson Sneed President	$59.8M 1.19% of portfolio	1.2M shares	Q1 2023 Held for 2y 8m	$5.0B
MONTICELLO WEALTH MANAGEMENT, LLC RIA/Wealth	Todd Lee Brockwell President	$59.3M 4.02% of portfolio	1.2M shares	Q4 2023 Held for 1y 11m	$1.5B

Net Capital Flow

Institutional buying and selling activity for JMUB in Q3 2025

Traded: +$544.3M
Buyers: 259
Sellers: 112
Total Bought: +$676.3M
Total Sold: −$132.1M
Avg Position: $7.5M

Biggest Buyers

Institution	Net Bought	Current Position
Cetera Investment Advisers RIA/Wealth	+$55.0M +1.1M shares	$122.8M 2.4M shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$42.3M +838.2K shares	$53.6M 1.1M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$41.7M +826.8K shares	$162.0M 3.2M shares
L LPL Financial LLC Institution	+$40.5M +801.8K shares	$193.3M 3.8M shares
AMERIPRISE FINANCIAL INC Institution	+$34.4M +683.1K shares	$113.3M 2.2M shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	+$32.3M +641.7K shares	$128.0M 2.5M shares
HONKAMP KRUEGER FINANCIAL SERVICES INC /ADV RIA/Wealth	+$27.5M +545.8K shares	$58.6M 1.2M shares
A American Trust Institution	+$24.1M +478.2K shares	$24.1M 478.2K shares
Lebenthal Global Advisors, LLC RIA/Wealth	+$23.8M +472.3K shares	$23.8M 472.3K shares
MONTICELLO WEALTH MANAGEMENT, LLC RIA/Wealth	+$18.8M +372.0K shares	$59.3M 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
BAILARD, INC. RIA/Wealth	−$29.2M −579.2K shares	$38.5M 762.7K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$19.4M −384.9K shares	$69.6M 1.4M shares
J JANE STREET GROUP, LLC Institution	−$13.6M −269.3K shares	$15.3M 303.2K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$8.8M −174.6K shares	$21.5M 426.2K shares
R ROYAL BANK OF CANADA Institution	−$6.9M −136.0K shares	$6.7M 132.8K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$4.7M −93.9K shares	Sold Off 0 shares
Magnus Financial Group LLC RIA/Wealth	−$4.6M −91.1K shares	$13.0M 258.0K shares
Legacy Financial Advisors, Inc. RIA/Wealth	−$4.0M −79.7K shares	$11.4M 226.2K shares
Beta Wealth Group, Inc. RIA/Wealth	−$3.8M −75.7K shares	$1.5M 29.8K shares
H Hartford Financial Management Inc. RIA/Wealth	−$3.7M −72.6K shares	$10.2M 201.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited JMUB in Q3 2025

New Positions: 49
New Value: $106.4M
Exited Positions: 18
Exited Value: $10.8M

New Positions

Institution	Position Value
A American Trust Institution	$24.1M 478.2K shares
Lebenthal Global Advisors, LLC RIA/Wealth	$23.8M 472.3K shares
Summit Financial, LLC RIA/Wealth	$13.2M 260.6K shares
B Boulder Wealth Advisors, LLC RIA/Wealth	$9.4M 185.6K shares
Dynasty Wealth Management, LLC Fund of Funds	$4.6M 90.3K shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	$4.4M 87.8K shares
Marmo Financial Group, LLC RIA/Wealth	$2.9M 58.4K shares
NGAM ADVISORS, L.P. Long Only Manager	$2.4M 48.5K shares
Harbor Group, Inc. RIA/Wealth	$1.7M 33.0K shares
Impact Investors, Inc RIA/Wealth	$1.6M 31.1K shares

Exited Positions

Institution	Previous Position
Vestmark Advisory Solutions, Inc. Fund of Funds	$4.7M 93.9K shares
Abacus Planning Group, Inc. RIA/Wealth	$1.6M 31.4K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$992.8K 20.0K shares
W WCG Wealth Advisors LLC Institution	$948.7K 19.1K shares
Divergent Planning, LLC RIA/Wealth	$826.4K 16.6K shares
Atomi Financial Group, Inc. RIA/Wealth	$464.4K 9.4K shares
WOODMONT INVESTMENT COUNSEL LLC RIA/Wealth	$353.9K 7.1K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	$269.4K 5.4K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$226.7K 4.6K shares
W WealthTrak Capital Management LLC RIA/Wealth	$122.8K 2.5K shares

Options Activity

Institutions with the largest Call and Put options positions in JMUB as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with JMUB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G2 CAPITAL MANAGEMENT, LLC / OH RIA/Wealth	Greg Robert Grabovac Managing Partner	9.64% $38.2M	756.7K shares	Q4 2023 Held for 1y 11m	$396.2M
I INVENIO WEALTH PARTNERS LLC RIA/Wealth	Christopher George Plummer CCO	7.63% $20.7M	410.7K shares	Q3 2023 Held for 2y 2m	$271.8M
C COLLECTIVE FAMILY OFFICE LLC Family Office	Brian David Luster Managing Partner	7.59% $31.6M	626.2K shares	Q4 2020 Held for 4y 11m	$416.6M
Meeder Advisory Services, Inc. Long Only Manager	Robert Sherman (Jr) Meeder President	6.90% $148.4M	2.9M shares	Q1 2025 Held for 8 months	$2.2B
21 West Wealth Management LLC RIA/Wealth	Michael Francis Silane Managing Partner	6.67% $7.0M	139.3K shares	Q2 2025 Held for 5 months	$105.4M
S Stephens Consulting, LLC RIA/Wealth	Sheryl Elaine Stephens Managing Partner	6.45% $18.7M	370.3K shares	Q2 2023 Held for 2y 5m	$290.0M
Smith & Howard Wealth Management, LLC RIA/Wealth	Timothy Fair Agnew President	4.74% $20.3M	403.1K shares	Q3 2023 Held for 2y 2m	$429.1M
Asio Capital, LLC RIA/Wealth	Valerie Birchfield Slater Partner	4.72% $31.5M	625.0K shares	Q1 2023 Held for 2y 8m	$668.0M
ABLE Financial Group, LLC RIA/Wealth	Adam Michael Brooks CCO	4.60% $21.1M	417.5K shares	Q2 2025 Held for 5 months	$458.5M
B Boulder Wealth Advisors, LLC RIA/Wealth	Gary Ross Shirman Managing Partner	4.35% $9.4M	185.6K shares	Q3 2025 Held for 2 months	$215.1M

Hedge Fund Spotlight

Discover hedge funds investing in JMUB

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in JPMorgan Municipal

Market Value: $5.7M
Shares Held: 112.3K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%