Vault-13

LEGG MASON ETF INVT LVHD

FRANKLIN US LOW · ETP · CUSIP 52468L406

103 institutional holders -1 vs Q1 2023
20,292,74420.3m shares reported held*
$744.2mreported value*
8 new 43 added 37 reduced 8 sold out net sold ≈ $48.8m (-1.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $36.67. Options: 2 managers hold calls ($491.4k notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 83Q4 22: 106Q1 23: 104Q2 23: 103103Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202283
Q4 2022106
Q1 2023104
Q2 2023103

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 69 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 64 bought or addedQ1 23: 43 cut or sold outQ1 23Q2 23: 51 bought or addedQ2 23: 45 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226924
Q1 20236443
Q2 20235145

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $433.7kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $499.6kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $491.4kQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$433.7k$00.00
Q1 2023$499.6k$00.00
Q2 2023$491.4k$00.00

Biggest buyers

Allworth Financial LP Added +549,667+549.7k
LPL Financial LLC Added +273,168+273.2k
Bank of New York Mellon Corp New +234,288+234.3k
Mill Creek Capital Advisors, LLC Added +215,280+215.3k
JPMORGAN CHASE & CO Added +130,054+130.1k
AVANTAX ADVISORY SERVICES, INC. Added +101,649+101.6k
Financial Advocates Investment Management Added +85,762+85.8k
AMERIPRISE FINANCIAL INC Added +43,604+43.6k
FLOW TRADERS U.S. LLC New +31,376+31.4k
Mariner, LLC New +21,648+21.6k

Biggest sellers

FRANKLIN RESOURCES INC Reduced -1,599,240-1.6m
BANK OF AMERICA CORP /DE/ Reduced -527,234-527.2k
Janney Montgomery Scott LLC Reduced -175,298-175.3k
OSAIC HOLDINGS, INC. Reduced -163,669-163.7k
GOLDMAN SACHS GROUP INC Sold out -85,289-85.3k
MORGAN STANLEY Reduced -72,312-72.3k
UBS Group AG Reduced -70,335-70.3k
ALBION FINANCIAL GROUP /UT Reduced -61,531-61.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -61,129-61.1k
Raymond James Financial Services Advisors, Inc. Reduced -60,116-60.1k

Biggest calls

Belvedere Trading LLC Unchanged $491.4k13.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allworth Financial LP 1.13% of their portfolio FOLSOM, CA 3,621,6623.6m $132.8m $132.8m 1.13% Added +549.7k +549,667
2 Mill Creek Capital Advisors, LLC 4.04% of their portfolio Conshohocken, PA 3,408,0243.4m $125.0m $125.0m 4.04% Added +215.3k +215,280
3 ALBION FINANCIAL GROUP /UT 6.23% of their portfolio SALT LAKE CITY, UT 1,940,6891.9m $71.2m $71.2m 6.23% Reduced -61.5k -61,531
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,800,2531.8m $66.0m $66.0m 0.01% Reduced -72.3k -72,312
5 Financial Engines Advisors L.L.C. 0.11% of their portfolio SANTA CLARA, CA 1,211,9711.2m $44.4m $44.4m 0.11% Reduced -25.9k -25,905
6 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,145,2461.1m $42.0m $42.0m 0.03% Added +273.2k +273,168
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 741,403741.4k $27.2m $27.2m 0.00% Reduced -527.2k -527,234
8 Benchmark Financial Wealth Advisors, LLC 11.01% of their portfolio BOCA RATON, FL 647,659647.7k $23.7m $23.7m 11.01% Reduced -23.6k -23,600
9 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 516,287516.3k $18.9m $18.9m 0.04% Reduced -61.1k -61,129
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 475,965476.0k $17.5m $17.5m 0.01% Reduced -47.7k -47,656
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 401,157401.2k $14.7m $14.7m 0.01% Reduced -70.3k -70,335
12 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 282,164282.2k $10.3m $10.3m 0.02% Reduced -163.7k -163,669
13 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 272,368272.4k $10.0m $10.0m 0.02% Reduced -60.1k -60,116
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 259,826259.8k $9.5m $9.5m 0.00% Added +20.1k +20,053
15 XML Financial, LLC 1.07% of their portfolio BETHESDA, MD 252,351252.4k $9.3m $9.3m 1.07% Reduced -58.3k -58,292
16 AVANTAX ADVISORY SERVICES, INC. 0.10% of their portfolio DALLAS, TX 250,329250.3k $9.2m $9.2m 0.10% Added +101.6k +101,649
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 234,288234.3k $8.6m $8.6m 0.00% New
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 207,949207.9k $7.6m $7.6m 0.00% Reduced -51.1k -51,109
19 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 177,056177.1k $6.5m $6.5m 0.06% Reduced -17.2k -17,230
20 Financial Advocates Investment Management 0.40% of their portfolio OLYMPIA, WA 149,066149.1k $5.5m $5.5m 0.40% Added +85.8k +85,762
21 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 138,824138.8k $5.1m $5.1m 0.02% Reduced -175.3k -175,298
22 Sovereign Investment Advisors, LLC 1.92% of their portfolio PHOENIX, AZ 138,307138.3k $5.1m $5.1m 1.92% Added +1.1k +1,050
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 136,982137.0k $5.0m $5.0m 0.00% Added +130.1k +130,054
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 128,184128.2k $4.7m $4.7m 0.00% Added +43.6k +43,604
25 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 127,189127.2k $4.7m $4.7m 0.04% Added +17.2k +17,242
26 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 126,256126.3k $4.6m $4.6m 0.00% Added +143 +143
27 Cetera Advisors LLC 0.07% of their portfolio DENVER, CO 119,342119.3k $4.4m $4.4m 0.07% Added +727 +727
28 Arden Trust Co 0.70% of their portfolio WILMINGTON, DE 117,153117.2k $4.3m $4.3m 0.70% Added +1.2k +1,186
29 TAP Consulting, LLC 1.03% of their portfolio KIRKWOOD, MO 114,695114.7k $4.2m $4.2m 1.03% Added +7.2k +7,247
30 Wealthcare Advisory Partners LLC 0.16% of their portfolio WEST CHESTER, PA 94,98395.0k $3.5m $3.5m 0.16% Reduced -3.5k -3,544
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 64,32664.3k $2.4m $2.4m 0.00% Added +1.1k +1,057
32 Spire Wealth Management 0.07% of their portfolio MCLEAN, VA 54,85654.9k $2.0m $2.0m 0.07% Added +6.9k +6,852
33 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 46,39846.4k $1.7m $1.7m 0.01% Added +8.1k +8,105
34 IFG Advisory, LLC 0.15% of their portfolio ATLANTA, GA 46,02146.0k $1.7m $1.7m 0.15% Added +395 +395
35 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 43,35143.4k $1.6m $1.6m 0.01% Reduced -13.4k -13,372
36 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 41,22341.2k $1.5m $1.5m 0.01% Added +6.3k +6,317
37 Centurion Wealth Management LLC 0.67% of their portfolio Mclean, VA 37,79737.8k $1.4m $1.4m 0.67% Added +3.0k +2,950
38 JT Stratford LLC 0.34% of their portfolio GAINESVILLE, GA 34,94734.9k $1.3m $1.3m 0.34% Added +2.0k +2,000
39 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 31,37631.4k $1.2m $1.2m 0.05% New
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 30,77430.8k $1.1m $1.1m 0.00% Added +1.5k +1,486
41 Tennessee Valley Asset Management Partners 0.36% of their portfolio KNOXVILLE, TN 30,54930.5k $1.1m $1.1m 0.36% Added +875 +875
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,38828.4k $1.0m $1.0m 0.00% Added +694 +694
43 CX Institutional 0.05% of their portfolio AUBURN, IN 27,16127.2k $996.0k $996.0k 0.05% Reduced -10.1k -10,091
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,18225.2k $923.4k $923.4k 0.00% Reduced -9.7k -9,731
45 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 24,22424.2k $888.3k $888.3k 0.01% Added +8.7k +8,687
46 Key Client Fiduciary Advisors, LLC 0.52% of their portfolio Fairfield, NJ 24,06524.1k $882.5k $882.5k 0.52% Added +7.0k +7,000
47 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 22,17422.2k $813.1k $813.1k 0.01% Added +3.4k +3,380
48 LINCOLN NATIONAL CORP 0.02% of their portfolio RADNOR, PA 21,84721.8k $801.1k $801.1k 0.02% Added +1.7k +1,719
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 21,64821.6k $793.8k $793.8k 0.00% New
50 ADE, LLC 0.55% of their portfolio BALTIMORE, MD 21,52121.5k $789.2k $789.2k 0.55% Reduced -592 -592
51 Apexium Financial, LP 0.07% of their portfolio Dallas, TX 20,81120.8k $763.1k $763.1k 0.07% Unchanged
52 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 19,44619.4k $713.1k $713.1k 0.01% Added +9.3k +9,291
53 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 18,64818.6k $683.8k $683.8k 0.00% New
54 Koshinski Asset Management, Inc. 0.07% of their portfolio DECATUR, IL 17,63017.6k $646.5k $646.5k 0.07% Reduced -4.4k -4,436
55 TBH Global Asset Management, LLC 0.12% of their portfolio Brentwood, TN 17,38617.4k $637.6k $637.6k 0.12% New
56 First Heartland Consultants, Inc. 0.08% of their portfolio LAKE ST. LOUIS, MO 15,82615.8k $580.3k $580.3k 0.08% Added +133 +133
57 Laird Norton Wetherby Wealth Management, LLC 0.03% of their portfolio Seattle, WA 15,70815.7k $576.0k $576.0k 0.03% Unchanged
58 Hartford Financial Management Inc. 0.14% of their portfolio WEST HARTFORD, CT 14,93814.9k $547.8k $547.8k 0.14% New
59 Goldstone Financial Group, LLC 0.16% of their portfolio OAKBROOK TERRACE, IL 14,39014.4k $527.7k $527.7k 0.16% Added +8.7k +8,729
60 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 14,37114.4k $527.0k $527.0k 0.01% Added +2.4k +2,375
61 Pallas Capital Advisors LLC 0.02% of their portfolio BRAINTREE, MA 13,73113.7k $509.4k $509.4k 0.02% New
62 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 13,17513.2k $483.1k $483.1k 0.01% Reduced -400 -400
63 Betterment LLC 0.00% of their portfolio NEW YORK, NY 10,76410.8k $395.0k $395.0k 0.00% Added +4.9k +4,867
64 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 10,51710.5k $385.7k $385.7k 0.00% Unchanged
65 Stratos Investment Management, LLC 0.06% of their portfolio BEACHWOOD, OH 10,08510.1k $369.8k $369.8k 0.06% Added +1.8k +1,806
66 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 9,0769.1k $332.8k $332.8k 0.00% Added +38 +38
67 Good Life Advisors, LLC 0.04% of their portfolio READING, PA 9,0649.1k $332.4k $332.4k 0.04% Added +724 +724
68 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 9,0299.0k $331.1k $331.1k 0.04% Reduced -1.2k -1,198
69 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 8,0428.0k $294.9k $294.9k 0.02% Reduced -4.7k -4,700
70 Intrepid Financial Planning Group LLC 0.13% of their portfolio CARMEL, IN 7,3077.3k $267.9k $267.9k 0.13% Reduced -195 -195
71 HBW ADVISORY SERVICES LLC 0.06% of their portfolio SIMI VALLEY, CA 7,1127.1k $261.0k $261.0k 0.06% Reduced -36.5k -36,451
72 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 6,6556.7k $244.0k $244.0k 0.00% Reduced -1.3k -1,273
73 LEVEL FOUR ADVISORY SERVICES, LLC 0.01% of their portfolio DALLAS, TX 6,2736.3k $230.0k $230.0k 0.01% Added +6 +6
74 360 Financial, Inc. 0.12% of their portfolio WAYZATA, MN 6,1426.1k $225.2k $225.2k 0.12% Reduced -11.7k -11,724
75 Summit Investment Advisory Services, LLC 0.15% of their portfolio ROSEVILLE, MN 6,0526.1k $221.9k $221.9k 0.15% Unchanged
76 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 6,0006.0k $220.0k $220.0k 0.02% Unchanged
77 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 5,9656.0k $218.7k $218.7k 0.02% Reduced -649 -649
78 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 5,9516.0k $218.2k $218.2k 0.00% Reduced -1.5k -1,515
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,8305.8k $213.8k $213.8k 0.00% Reduced -11.3k -11,272
80 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,7265.7k $210.0k $210.0k 0.00% Unchanged
81 Investors Research Corp 0.05% of their portfolio ATLANTA, GA 5,7175.7k $209.6k $209.6k 0.05% Added +323 +323
82 Crabel Capital Management, LLC 0.09% of their portfolio MILWAUKEE, WI 5,6815.7k $208.0k $208.0k 0.09% New
83 S. R. Schill & Associates 0.09% of their portfolio MERCER ISLAND, WA 5,6495.6k $207.2k $207.2k 0.09% Reduced -54 -54
84 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,3205.3k $195.1k $195.1k 0.00% Added +1.5k +1,470
85 Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio Petach Tikva, L3 4,7104.7k $172.0k $172.0k 0.00% Reduced -3.4k -3,355
86 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,4312.4k $89.2k $89.2k 0.00% Added +2.1k +2,055
87 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 2,2462.2k $82.4k $82.4k 0.00% Unchanged
88 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 2,0992.1k $77.0k $77.0k 0.01% Added +16 +16
89 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 2,0002.0k $73.3k $73.3k 0.00% Unchanged
90 Resurgent Financial Advisors LLC 0.03% of their portfolio ATLANTA, GA 1,4001.4k $51.3k $51.3k 0.03% Unchanged
91 FMR LLC 0.00% of their portfolio BOSTON, MA 1,3061.3k $47.9k $47.9k 0.00% Reduced -1.5k -1,484
92 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,2171.2k $44.6k $44.6k 0.00% Added +1.1k +1,102
93 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1131.1k $40.8k $40.8k 0.00% Unchanged
94 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 944944 $34.6k $34.6k 0.00% Unchanged
95 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 915915 $33.6k $33.6k 0.00% Reduced -950 -950
96 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 857857 $31.4k $31.4k 0.00% Reduced -1.6m -1,599,240
97 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 581581 $21.3k $21.3k 0.00% Reduced -344 -344
98 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 442442 $16.2k $16.2k 0.00% Reduced -28 -28
99 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 368368 $13.5k $13.5k 0.00% Unchanged
100 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 340340 $12.5k $12.5k 0.00% Unchanged