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Franklin Dynamic Municipal Bond ETF
FLMI

140 hedge funds and large institutions have $508M invested in Franklin Dynamic Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 68 increasing their positions, 34 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

131% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 13

100% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 34

26% more capital invested

Capital invested by funds: $403M → $508M (+$106M)

12% more funds holding

Funds holding: 125 → 140 (+15)

4.6% more ownership

Funds ownership: 66.33% → 70.93% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
140
Holders Change
+15
Holders Change %
+12%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
30
Increased
68
Reduced
34
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MAS
Meeder Advisory Services
Ohio
+$38.4M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$11.4M
3
Wells Fargo
Wells Fargo
California
+$9.21M
4
BCI
Brinker Capital Investments
Pennsylvania
+$9.09M
5
Ameriprise
Ameriprise
Minnesota
+$7.47M

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$4.9M
2
LPL Financial
LPL Financial
California
-$4.52M
3
GT
Glenview Trust
Kentucky
-$2.61M
4
BWP
BlueStem Wealth Partners
Minnesota
-$2.46M
5
RWA
Redhawk Wealth Advisors
Minnesota
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$3.93M -$7.33K -304 -0.2%
Thrivent Financial for Lutherans
27
Thrivent Financial for Lutherans
Minnesota
$3.8M +$3.77M +156,551 New
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$3.79M -$1.27M -52,521 -25%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$3.66M +$271K +11,262 +8%
AFTS
30
American Financial & Tax Strategies
New York
$3.29M +$28K +1,160 +0.9%
PAG
31
Private Advisor Group
New Jersey
$3.21M +$1.19M +49,413 +60%
Jones Financial Companies
32
Jones Financial Companies
Missouri
$2.9M +$1.74M +72,051 +151%
SPIA
33
Steward Partners Investment Advisory
New York
$2.86M +$592K +24,571 +26%
Carson Wealth (CWM LLC)
34
Carson Wealth (CWM LLC)
Nebraska
$2.83M +$634K +26,322 +29%
Jane Street
35
Jane Street
New York
$2.73M +$1.62M +67,059 +148%
AF
36
Abound Financial
California
$2.68M -$54.9K -2,278 -2%
SWP
37
ShoreHaven Wealth Partners
New Jersey
$2.55M -$524K -21,738 -17%
NA
38
NewEdge Advisors
Louisiana
$2.38M +$2.26M +93,876 +2,290%
ODA
39
One Degree Advisors
California
$2.35M +$487K +20,219 +26%
HW
40
Hancock Whitney
Mississippi
$2.28M +$2.26M +93,847 New
PFGIA
41
Patriot Financial Group Insurance Agency
Massachusetts
$2.05M +$59K +2,446 +3%
SWA
42
Stratos Wealth Advisors
Ohio
$2.02M +$91.1K +3,779 +5%
DAS
43
Diversify Advisory Services
Utah
$1.98M +$1.98M +81,990 New
NEPWA
44
New England Private Wealth Advisors
Massachusetts
$1.97M +$1.98M +82,230 New
WF
45
Wayfinding Financial
Washington
$1.94M +$809K +33,563 +72%
RPGK
46
Retirement Planning Group (Kansas)
Kansas
$1.92M +$1.45M +60,160 +317%
C
47
Croban
Ohio
$1.75M +$95.4K +3,960 +6%
LFP
48
Leeward Financial Partners
Washington
$1.7M +$84.4K +3,503 +5%
KAS
49
Kestra Advisory Services
Texas
$1.67M +$293K +12,171 +21%
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$1.59M +$267K +11,078 +20%
1
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FLMI Hedge Fund Activity: Q2 2025 in Review

140 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q2 2025, worth a combined $508M — up 26% from $403M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FLMI positions and 13 closed out — a net gain of 17 holders — while 68 added to existing stakes and 34 trimmed.

The largest buyer was Meeder Advisory Services, opening a new position worth an estimated $38.4M. The largest seller was HighTower Advisors, cutting an estimated $4.9M.

  • 140 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q2 2025, up from 125 in Q1 2025.
  • Funds reported $508M of Franklin Dynamic Municipal Bond ETF stock for Q2 2025, up 26% quarter-over-quarter.
  • 30 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q2 2025 and 13 closed out, a net change of +17 holders.
  • The largest Franklin Dynamic Municipal Bond ETF buyer in Q2 2025 was Meeder Advisory Services, an estimated $38.4M added.
  • The largest Franklin Dynamic Municipal Bond ETF seller in Q2 2025 was HighTower Advisors, an estimated $4.9M sold.

Based on aggregated 13F filings for Q2 2025.