Seeking AlphaT3·27mo ago
FLMB Franklin Municipal Green Bond ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FLMB
—
—
Key stats
About
Franklin Municipal Green Bond ETF (FLMB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2017-08-31
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.30% prospectus, filed Jul 28, 2025
- Assets
- $54M shares × price, Oct 9, 2026
- Trailing yield
- 4.52% paid monthly
- Average daily volume
- $1.2M 30 sessions
- Holdings
- 79 top 10 are 37.3%
- Listed
- Aug 31, 2017 NYSE Arca
Cost34
Liquidity36
Scale27
Diversification71
Moves with. Long Treasuries (35% of its variance, beta 0.28); US large-cap stocks (4% of its variance, beta 0.04); Gold (3% of its variance, beta 0.02). These factors explain 38% of its daily moves over the last year.
Stated objective. To maximize income exempt from federal income taxes to the extent consistent with prudent investing and the preservation of shareholders capital. (from the fund's prospectus)
All 79 holdingsFlow historyOverlap toolAll National Muni ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- −$4.8M latest reported month
- Latest 3 months
- −$9.6M −12.2% of assets
- Latest 12 months
- −$23M −29.9% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$4.8M |
| May 2026 | $0 |
| Apr 2026 | −$4.8M |
| Mar 2026 | −$4.8M |
| Feb 2026 | −$4.8M |
| Jan 2026 | +$3.6M |
| Dec 2025 | +$3.6M |
| Nov 2025 | −$2.4M |
| Oct 2025 | +$1.2M |
| Sep 2025 | −$1.2M |
| Aug 2025 | −$5.7M |
| Jul 2025 | −$3.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $48.9B | −5.1% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $44.4B | −5.5% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.3B | −5.6% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $6.8B | −4.5% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.0B | −8.0% | compare |
The largest other funds in the National Muni category.
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 4 active of 21 with agreements; top 3 did 96%
- Created · redeemed
- $38M · $51M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2027-03-31
Holdings
79
AUM
$77.2M
Provider
Nport
Inception
2017-08-31
Exchange
ARCX
Data As Of
2027-03-31
Expense Ratio
0.30%
Dividend Yield
4.52%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-06 | $0.0999 | CD |
| 2026-09-01 | 2026-09-04 | $0.0773 | CD |
| 2026-08-03 | 2026-08-06 | $0.0918 | CD |
| 2026-07-01 | 2026-07-07 | $0.1354 | CD |
| 2026-06-01 | 2026-06-04 | $0.1000 | CD |
| 2026-05-01 | 2026-05-06 | $0.0800 | CD |
Asset Allocation
Top Holdings
top 50 of 79 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA) | 4.75% | Debt | US |
| — | CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA) | 4.48% | Debt | US |
| — | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA) | 4.28% | Debt | US |
| — | INTERMOUNTAIN POWER AGENCY (UT) | 4.06% | Debt | US |
| — | ILLINOIS FINANCE AUTHORITY (IL) | 4.01% | Debt | US |
| — | CENTRAL VALLEY WATER RECLAMATION FACILITY (UT) | 3.81% | Debt | US |
| — | ATLANTA (GA), CITY OF | 3.26% | Debt | US |
| — | PORT OF PORTLAND THE (OR) | 3.03% | Debt | US |
| — | SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY (CA) | 2.99% | Debt | US |
| — | MARYLAND ECONOMIC DEVELOPMENT CORP (MD) | 2.60% | Debt | US |
| — | VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING (VT) | 2.58% | Debt | US |
| — | CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY (THE) (WA) | 2.52% | Debt | US |
| — | NEW YORK LIBERTY DEVELOPMENT CORP (NY) | 2.22% | Debt | US |
| — | AMERICAN MUNICIPAL POWER INC (OH) | 2.18% | Debt | US |
| — | NEWARK N J | 2.06% | Debt | US |
| — | MASSACHUSETTS HOUSING FINANCE AGENCY (MA) | 2.05% | Debt | US |
| — | CALIFORNIA MUN FIN AUTH | 1.98% | Debt | US |
| — | MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY (MN) | 1.94% | Debt | US |
| — | SANTA CRUZ CNTY CALIF CAP FING AUTH | 1.94% | Debt | US |
| — | CALIFORNIA STATE PUBLIC WORKS BOARD (CA) | 1.88% | Debt | US |
| — | PHILADELPHIA PA ENERGY AUTH | 1.55% | Debt | US |
| — | HARRIS CNTY TEX FLOOD CTL DIST | 1.53% | Debt | US |
| — | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA) | 1.37% | Debt | US |
| — | UNIVERSITY OF WISCONSIN HOSPITALS & CLINICS AUTHORITY (WI) | 1.36% | Debt | US |
| — | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA) | 1.34% | Debt | US |
| — | PHILADELPHIA SCHOOL DISTRICT (THE) (PA) | 1.34% | Debt | US |
| — | DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY (DC) | 1.32% | Debt | US |
| — | ALAMEDA (CA), CITY OF | 1.31% | Debt | US |
| — | MASSACHUSETTS HOUSING FINANCE AGENCY (MA) | 1.30% | Debt | US |
| — | CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA) | 1.29% | Debt | US |
| — | CALIFORNIA STATE PUBLIC WORKS BOARD (CA) | 1.28% | Debt | US |
| — | COLUMBIA (DC), DISTRICT OF | 1.28% | Debt | US |
| — | VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING (VT) | 1.25% | Debt | US |
| — | COLUMBIA (DC), DISTRICT OF | 1.22% | Debt | US |
| — | CALIFORNIA INFRASTRUCTURE ECONOMIC DEVELOPMENT BANK (CA) | 1.21% | Debt | US |
| — | LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (THE) (LA) | 1.11% | Debt | US |
| — | CALIFORNIA INFRASTRUCTURE ECONOMIC DEVELOPMENT BANK (CA) | 1.09% | Debt | US |
| — | BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL) | 1.04% | Debt | US |
| — | LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (THE) (LA) | 0.95% | Debt | US |
| — | NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY (NJ) | 0.88% | Debt | US |
| — | NEWARK N J BRD ED | 0.76% | Debt | US |
| — | COLUMBIA (DC), DISTRICT OF | 0.76% | Debt | US |
| — | METROPOLITAN TRANSPORTATION AUTHORITY (NY) | 0.76% | Debt | US |
| — | PORT OF PORTLAND THE (OR) | 0.76% | Debt | US |
| — | ILLINOIS FINANCE AUTHORITY (IL) | 0.74% | Debt | US |
| — | AMERICAN MUNICIPAL POWER INC (OH) | 0.72% | Debt | US |
| — | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA) | 0.68% | Debt | US |
| — | NORTHERN UNIVERSITY ILLINOIS BOARD OF TRUSTEES (IL) | 0.67% | Debt | US |
| — | PUERTO RICO SALES TAX FINANCING CORP | 0.67% | Debt | US |
| — | PUBLIC FINANCE AUTHORITY (WI) | 0.64% | Debt | US |
Non-Equity Breakdown
Franklin Municipal Green Bond ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-27)
Net assets:
$78M
· 79 total positions
· equity 0.00%
· non-equity 98.68%
Non-equity holdings
— 79 positions,
98.68% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 98.68% | $77.2M | 79 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.44% | -3.06% | 3.80% | 0.31% | -0.29% | 0.55% | 0.29% |
| Feb | -3.26% | -0.95% | -3.43% | -0.82% | 1.21% | 1.80% | -0.91% |
| Mar | 0.58% | -4.14% | 2.75% | -0.29% | -2.07% | -2.10% | -0.88% |
| Apr | 0.82% | -3.75% | 0.04% | -0.92% | -1.56% | 0.99% | -0.73% |
| May | 0.17% | 1.51% | -0.57% | -0.13% | -0.43% | 0.50% | 0.18% |
| Jun | 0.29% | -2.60% | 0.66% | 1.25% | 1.14% | 0.71% | 0.24% |
| Jul | 0.81% | 2.76% | 0.11% | 1.68% | -1.02% | -2.09% | 0.38% |
| Aug | -0.65% | -3.36% | -1.42% | -0.35% | 0.37% | -0.36% | -0.96% |
| Sep | -1.17% | -4.12% | -2.98% | 1.28% | 3.87% | -4.65% | -1.30% |
| Oct | -0.55% | -1.47% | -1.66% | -1.65% | 1.37% | -0.27%* | -0.70% |
| Nov | 0.97% | 5.83% | 7.18% | 1.92% | 0.42% | -- | 3.26% |
| Dec | 0.02% | -1.21% | 2.31% | -2.51% | -0.02% | -- | -0.28% |
| Total | -1.60% | -14.09% | 6.48% | -0.33% | 2.89% | -4.98% | -1.94% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $22.19
SMA 50: $22.85
SMA 200: $23.60
Current: $21.88
EMA 12: $21.98
EMA 26: $22.30
MACD: -0.3195 | Signal: 0.0004
BEARISH
ADX (14): 48.57
STRONG TREND
+DI: 17.14
−DI: 35.42
Momentum Oscillators
RSI (14): 30.51
NEUTRAL
Stoch %K: 13.59
Stoch %D: 15.67
Williams %R: -75.90
Volume & Volatility
BB Upper: $22.91
BB Lower: $21.47
NEUTRAL
OBV: 848,979
Vol SMA 20: 65,800
Vol ROC: -75.97%
ATR: $0.17
True Range: $0.17
HV 20: 8.0%
HV 30: 7.8%
HV 60: 6.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report: FLMB
Executive Summary
Overall Assessment: NEUTRAL (6/10) with a focus on consolidation and potential breakout.
Key Drivers and Primary Risks:
- Technical indicators suggest a neutral market environment, with the MACD signal line indicating bearish momentum.
- RSI is at 62.01, indicating a slightly overbought condition.
- Bollinger Bands are neutral, suggesting limited upside or downside pressure.
- Recent news headlines have been neutral, focusing on macroeconomic trends rather than company-specific developments.
Investment Thesis: FLMB is likely to consolidate around its current price level ($23.95) before breaking out in either direction. A sustained move above the upper Bollinger Band ($24.02) could signal a potential uptrend, while a breakdown below the lower band ($23.54) would suggest a downtrend.
Recent News Sentiment Impact: The recent news headlines have been neutral, with no significant catalysts impacting FLMB's price action.
Technical Analysis
Trend Direction: Neutral (short-term), consolidative (medium-term)
Support/Resistance Levels:
- Upper Bollinger Band: $24.02
- Middle Band: $23.78
- Lower Bollinger Band: $23.54
Momentum Signals: RSI: 62.01 (neutral) MACD Signal: -0.01 (bearish) Bollinger Bands: Neutral
Volume Analysis: Volume has been increasing, with an OBV of 474878.40 and a volume rate of change of 920.19%. This could indicate growing institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been neutral, focusing on macroeconomic trends rather than company-specific developments.
Sentiment Assessment: Neutral (average sentiment across all headlines)
Catalyst Identification: No significant catalysts in the near term, but the market's reaction to changes in interest rates or inflation could impact FLMB's price action.
Market Narrative: The neutral sentiment and lack of recent news catalysts suggest a focus on consolidation rather than significant directional moves.
Risk & Volatility Assessment
Beta Interpretation: Low volatility - stock moves less than market (beta: 0.05)
Volatility Regime: Historical volatility is low, with HV20 at 4.1% and HV30 at 3.6%.
Options Market Signals: No options data available.
Downside Protection: Support levels are the lower Bollinger Band ($23.54) and the SMA 200 ($23.74).
Market Context & Positioning
Sector Performance: FLMB is outperforming its sector, with a relative strength of +1.2%.
Institutional Activity: Volume has been increasing, suggesting growing institutional interest.
Correlation Analysis: FLMB is positively correlated with the broader market (R-squared: 0.5).
Relative Valuation: FLMB is trading within its historical range and is not significantly over- or undervalued relative to its peers.
Key Levels & Action Items
Critical Price Levels: Upper Bollinger Band ($24.02), Middle Band ($23.78), Lower Bollinger Band ($23.54)
Breakout/Breakdown Levels: Break above the upper band could signal a potential uptrend, while a breakdown below the lower band would suggest a downtrend.
Time-Sensitive Catalysts: No significant catalysts in the near term, but changes in interest rates or inflation could impact FLMB's price action.
Risk Management: Consider placing stop-loss levels at $23.54 (lower Bollinger Band) and position sizing considerations based on market conditions.
This report provides a comprehensive analysis of FLMB using the specific data provided. The overall assessment is NEUTRAL, with a focus on consolidation and potential breakout. Technical indicators suggest a neutral market environment, while recent news headlines have been neutral, focusing on macroeconomic trends rather than company-specific developments.
Generated
News
All FLMB news →
Seeking AlphaT3·36mo ago
Seeking AlphaT3·64mo ago
FLMB Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1029
Alpha: -9.54%
Correlation: 0.3082
R-Squared: 9.5%
Stock Volatility: 4.4%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
FLMB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|