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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
Stifel Financial
51
Stifel Financial
Missouri
$1.57M +$662K +27,470 +74%
Truist Financial
52
Truist Financial
North Carolina
$1.51M +$538K +22,302 +56%
EH
53
Equitable Holdings
New York
$1.43M +$587K +24,354 +71%
BC
54
Bowman & Company
Wisconsin
$1.35M +$52.3K +2,171 +4%
BFM
55
Boothbay Fund Management
New York
$1.21M +$1.21M +50,000 New
CAPTRUST Financial Advisors
56
CAPTRUST Financial Advisors
North Carolina
$1.17M -$550K -22,835 -32%
FAIM
57
Financial Advocates Investment Management
Washington
$1.16M -$803K -33,335 -41%
Franklin Resources
58
Franklin Resources
California
$1.06M +$607K +25,174 +135%
WHC
59
Wulff, Hansen & Co
California
$999K – – –
MWM
60
Meridian Wealth Management
Kentucky
$933K +$927K +38,451 New
CPCP
61
Cedar Point Capital Partners
Iowa
$916K -$31.1K -1,291 -3%
LWMNY
62
Landmark Wealth Management (New York)
New York
$869K -$106K -4,380 -11%
GSWM
63
Golden State Wealth Management
California
$847K +$35.1K +1,458 +4%
GRP
64
Global Retirement Partners
California
$823K +$818K +33,928 New
CWM
65
Collaborative Wealth Management
Florida
$820K +$65.7K +2,728 +9%
AWM
66
Axxcess Wealth Management
California
$793K +$788K +32,705 New
GIA
67
Gladstone Institutional Advisory
Florida
$759K -$283K -11,758 -27%
MML Investors Services
68
MML Investors Services
Massachusetts
$743K -$1.14M -47,197 -61%
EWS
69
Evergreen Wealth Solutions
Pennsylvania
$724K +$427K +17,700 +146%
MPWT
70
MassMutual Private Wealth & Trust
Connecticut
$722K -$242K -10,025 -25%
RWA
71
Redhawk Wealth Advisors
Minnesota
$661K -$1.29M -53,479 -66%
EFG
72
Embree Financial Group
Illinois
$659K -$34.7K -1,438 -5%
MPIA
73
Milestones Private Investment Advisors
New York
$650K +$646K +26,786 New
EFS
74
Econ Financial Services
Pennsylvania
$646K -$73.3K -3,043 -10%
SFC
75
Summit Financial Consulting
Michigan
$643K +$61.6K +2,554 +11%
1 2
3
4 5

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.