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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
WAP
76
Wealthcare Advisory Partners
Pennsylvania
$632K +$628K +26,060 New
P
77
&Partners
Tennessee
$616K +$150K +6,235 +33%
AF
78
Advisornet Financial
Minnesota
$604K +$585K +24,280 +4,047%
AWS
79
Atria Wealth Solutions
New York
$603K +$316K +13,095 +111%
National Bank of Canada
80
National Bank of Canada
Quebec, Canada
$582K +$554K +23,000 +2,300%
EFS
81
Essex Financial Services
Connecticut
$559K -$14.2K -591 -2%
IWC
82
Integrated Wealth Concepts
Massachusetts
$528K -$278K -11,542 -35%
TA
83
TrueWealth Advisors
Alabama
$524K -$44.8K -1,859 -8%
PSCM
84
Per Stirling Capital Management
Texas
$524K +$281K +11,645 +117%
IAIM
85
International Assets Investment Management
Florida
$467K -$19.2K -795 -4%
WSFS
86
Wilmington Savings Fund Society
Delaware
$453K +$450K +18,657 New
IWA
87
Integrity Wealth Advisors
California
$450K -$11.4K -473 -2%
GVAG
88
Great Valley Advisor Group
Delaware
$450K +$112K +4,653 +33%
DADC
89
D.A. Davidson & Co
Montana
$445K +$96.4K +4,000 +28%
PTC
90
Private Trust Company
Ohio
$440K -$3.86K -160 -0.9%
PFS
91
Prospera Financial Services
Texas
$434K +$131K +5,454 +44%
SPC
92
Sigma Planning Corp
Michigan
$403K +$171K +7,106 +75%
Creative Planning
93
Creative Planning
Kansas
$403K -$36.8K -1,525 -8%
JWCA
94
J.W. Cole Advisors
Florida
$386K +$383K +15,907 New
CFB
95
Cullen/Frost Bankers
Texas
$374K +$52.2K +2,167 +16%
AIA
96
AssuredPartners Investment Advisors
Florida
$372K +$370K +15,346 New
FHC
97
First Heartland Consultants
Missouri
$371K +$369K +15,309 New
BFA
98
Bill Few Associates
Pennsylvania
$371K – – –
BEI
99
Benjamin Edwards Inc
Missouri
$365K +$363K +15,057 New
MCFP
100
Mallini Complete Financial Planning
Florida
$364K +$3.9K +162 +1%
2 3
4
5 6

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.