Franklin Dynamic Municipal Bond ETF
FLMI
207 hedge funds and large institutions have $1.31B invested in Franklin Dynamic Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 128 increasing their positions, 27 reducing their positions, and 20 closing their positions.
374% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 27
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
70% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 20
42% more capital invested
Capital invested by funds: $922M → $1.31B (+$384M)
5% more funds holding
Funds holding: 197 → 207 (+10)
1.47% less ownership
Funds ownership: 70.19% → 68.73% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$71.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$37.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$33.7M |
| 4 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
+$33.5M |
| 5 |
LPL Financial
San Diego,
California
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$34.6M |
| 2 |
EC
Elequin Capital
New York
|
-$4.64M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$4.24M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.05M |
| 5 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
-$1.28M |
FLMI Hedge Fund Activity: Q1 2026 in Review
207 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q1 2026, worth a combined $1.31B — up 42% from $922M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new FLMI positions and 20 closed out — a net gain of 14 holders — while 128 added to existing stakes and 27 trimmed.
The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, adding an estimated $71.8M. The largest seller was Focus Partners Wealth, cutting an estimated $34.6M.
- 207 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q1 2026, up from 197 in Q4 2025.
- Funds reported $1.31B of Franklin Dynamic Municipal Bond ETF stock for Q1 2026, up 42% quarter-over-quarter.
- 34 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q1 2026 and 20 closed out, a net change of +14 holders.
- The largest Franklin Dynamic Municipal Bond ETF buyer in Q1 2026 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $71.8M added.
- The largest Franklin Dynamic Municipal Bond ETF seller in Q1 2026 was Focus Partners Wealth, an estimated $34.6M sold.
Based on aggregated 13F filings for Q1 2026.