Franklin Dynamic Municipal Bond ETF
FLMI
29 hedge funds and large institutions have $77.3M invested in Franklin Dynamic Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 3 reducing their positions, and 6 closing their positions.
433% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 3
9% more capital invested
Capital invested by funds: $70.6M → $77.3M (+$6.69M)
2.4% more ownership
Funds ownership: 70.3% → 72.7% (+2.4%)
6% less funds holding
Funds holding: 31 → 29 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$2.61M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$2.06M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$2.06M |
| 4 |
Bank of New York Mellon
New York
|
+$1.38M |
| 5 |
LFP
Leeward Financial Partners
Bellevue,
Washington
|
+$829K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.32M |
| 2 |
LSA
Lion Street Advisors
Austin,
Texas
|
-$219K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$213K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$68.2K |
| 5 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$22K |
FLMI Hedge Fund Activity: Q2 2023 in Review
29 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q2 2023, worth a combined $77.3M — up 9.5% from $70.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLMI and 5 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 16 added.
The largest buyer was CAPTRUST Financial Advisors, opening a new position worth an estimated $2.61M. The largest seller was Jane Street, exiting entirely with an estimated $2.32M sold.
- 29 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q2 2023, down from 31 in Q1 2023.
- Funds reported $77.3M of Franklin Dynamic Municipal Bond ETF stock for Q2 2023, up 9.5% quarter-over-quarter.
- 5 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q2 2023 and 6 closed out, a net change of -1 holder.
- The largest Franklin Dynamic Municipal Bond ETF buyer in Q2 2023 was CAPTRUST Financial Advisors, an estimated $2.61M added.
- The largest Franklin Dynamic Municipal Bond ETF seller in Q2 2023 was Jane Street, an estimated $2.32M sold.
Based on aggregated 13F filings for Q2 2023.