Franklin Dynamic Municipal Bond ETF
FLMI
125 hedge funds and large institutions have $403M invested in Franklin Dynamic Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 57 increasing their positions, 25 reducing their positions, and 4 closing their positions.
725% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 4
128% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 25
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
55% more capital invested
Capital invested by funds: $259M → $403M (+$143M)
30% more funds holding
Funds holding: 96 → 125 (+29)
3.69% more ownership
Funds ownership: 62.62% → 66.32% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$50.6M |
| 2 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$13.5M |
| 3 |
LPL Financial
San Diego,
California
|
+$12.1M |
| 4 |
LC
Legacy CG
Plano,
Texas
|
+$12M |
| 5 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$4.04M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$3.62M |
| 3 |
PFGIA
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
|
-$1.22M |
| 4 |
SWP
ShoreHaven Wealth Partners
Red Bank,
New Jersey
|
-$630K |
| 5 |
JP Morgan Chase
New York
|
-$613K |
FLMI Hedge Fund Activity: Q1 2025 in Review
125 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q1 2025, worth a combined $403M — up 55% from $259M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new FLMI positions and 4 closed out — a net gain of 29 holders — while 57 added to existing stakes and 25 trimmed.
The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, opening a new position worth an estimated $50.6M. The largest seller was Thrivent Financial for Lutherans, exiting entirely with an estimated $4.04M sold.
- 125 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q1 2025, up from 96 in Q4 2024.
- Funds reported $403M of Franklin Dynamic Municipal Bond ETF stock for Q1 2025, up 55% quarter-over-quarter.
- 33 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q1 2025 and 4 closed out, a net change of +29 holders.
- The largest Franklin Dynamic Municipal Bond ETF buyer in Q1 2025 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $50.6M added.
- The largest Franklin Dynamic Municipal Bond ETF seller in Q1 2025 was Thrivent Financial for Lutherans, an estimated $4.04M sold.
Based on aggregated 13F filings for Q1 2025.