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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
AAS
101
Avantax Advisory Services
Texas
$362K +$360K +14,917 New
PS
102
Principal Securities
Iowa
$361K +$351K +14,544 +4,155%
PNC Financial Services Group
103
PNC Financial Services Group
Pennsylvania
$355K +$130K +5,412 +59%
CWA
104
Crux Wealth Advisors
California
$341K +$3.69K +153 +1%
CWM
105
Congress Wealth Management
Massachusetts
$338K +$336K +13,943 New
AWM
106
AE Wealth Management
Kansas
$316K +$101K +4,172 +47%
NC
107
NewSquare Capital
Pennsylvania
$312K +$8.41K +349 +3%
AI
108
Atria Investments
North Carolina
$305K -$4.58K -190 -1%
PWM
109
Perigon Wealth Management
California
$303K +$301K +12,500 New
IA
110
IFP Advisors
Florida
$296K +$150K +6,230 +104%
PWA
111
Phoenix Wealth Advisors
North Carolina
$291K +$289K +12,000 New
Royal Bank of Canada
112
Royal Bank of Canada
Ontario, Canada
$291K +$6.24K +259 +2%
ASN
113
Advisory Services Network
Georgia
$288K +$289K +11,996 New
MAG
114
Members Advisory Group
New York
$275K +$67.8K +2,814 +33%
LA
115
Latitude Advisors
Florida
$261K +$2.29K +95 +0.9%
Susquehanna International Group
116
Susquehanna International Group
Pennsylvania
$256K +$255K +10,571 New
OC
117
Oppenheimer & Co
New York
$244K +$243K +10,075 New
CA
118
Continuum Advisory
Idaho
$226K +$224K +9,300 New
HighTower Advisors
119
HighTower Advisors
Illinois
$222K -$4.9M -203,340 -96%
AWA
120
Acorn Wealth Advisors
Michigan
$221K -$34.6K -1,434 -14%
NFP
121
Narus Financial Partners
Utah
$219K +$218K +9,034 New
IA
122
Inspire Advisors
Idaho
$215K – – –
GI
123
GAMMA Investing
California
$213K -$1.2M -49,910 -85%
CGH
124
Crossmark Global Holdings
Texas
$213K -$1.37K -57 -0.6%
PA
125
PFG Advisors
Arizona
$210K +$2.07K +86 +1%
3 4
5
6 7

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.