Franklin Dynamic Municipal Bond ETF
FLMI
228 hedge funds and large institutions have $1.53B invested in Franklin Dynamic Municipal Bond ETF in 2026 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 135 increasing their positions, 32 reducing their positions, and 15 closing their positions.
322% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 32
160% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 15
17% more capital invested
Capital invested by funds: $1.31B → $1.53B (+$224M)
10% more funds holding
Funds holding: 207 → 228 (+21)
1.27% less ownership
Funds ownership: 68.73% → 67.46% (-1.3%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$30.8M |
| 2 |
LPL Financial
San Diego,
California
|
+$24M |
| 3 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$20.9M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$17.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$8.14M |
| 2 |
Mariner
Overland Park,
Kansas
|
-$6.08M |
| 3 |
JP Morgan Chase
New York
|
-$4.48M |
| 4 |
PF
Penney Financial
Houston,
Texas
|
-$4.2M |
| 5 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
-$3.81M |
FLMI Hedge Fund Activity: Q2 2026 in Review
228 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q2 2026, worth a combined $1.53B — up 17% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new FLMI positions and 15 closed out — a net gain of 24 holders — while 135 added to existing stakes and 32 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $30.8M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $8.14M sold.
- 228 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q2 2026, up from 207 in Q1 2026.
- Funds reported $1.53B of Franklin Dynamic Municipal Bond ETF stock for Q2 2026, up 17% quarter-over-quarter.
- 39 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q2 2026 and 15 closed out, a net change of +24 holders.
- The largest Franklin Dynamic Municipal Bond ETF buyer in Q2 2026 was Focus Partners Wealth, an estimated $30.8M added.
- The largest Franklin Dynamic Municipal Bond ETF seller in Q2 2026 was Independent Advisor Alliance, an estimated $8.14M sold.
Based on aggregated 13F filings for Q2 2026.