LEGG MASON ETF INVT

Ticker: LVHD CUSIP: 52468L406 Class: FRANKLIN US LOW

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
MORGAN STANLEY1,051,881$41,951
Financial Engines Advisors L.L.C.999,974$39,881
LPL Financial LLC747,791$29,823
BANK OF AMERICA CORP /DE/596,750$23,799
UBS Group AG410,291$16,363
WELLS FARGO & COMPANY/MN255,932$10,207
RAYMOND JAMES FINANCIAL INC219,642$8,760
COMMONWEALTH EQUITY SERVICES, LLC181,320$7,231
Cetera Investment Advisers169,189$6,748
ROYAL BANK OF CANADA165,038$6,582
Private Advisor Group, LLC163,172$6,508
Sequent Planning LLC162,722$6,490
Sovereign Investment Advisors, LLC151,971$6,115
Allworth Financial LP93,478$3,728
HEFFERNAN ADVISORY, INC88,457$3,528
JONES FINANCIAL COMPANIES LLLP83,523$3,331
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO74,652$2,977
IFG Advisory, LLC67,441$2,690
Wealthcare Advisory Partners LLC63,569$2,535
PERSPECTIVE WEALTH ADVISORS LLC61,874$2,468
GOLDMAN SACHS GROUP INC56,350$2,247
JT Stratford LLC49,143$1,960
Baird Financial Group, Inc.47,056$1,877
OSAIC HOLDINGS, INC.46,889$1,871
Triad Wealth Partners, LLC46,853$1,869
XML Financial, LLC44,848$1,789
Janney Montgomery Scott LLC43,495$2
STIFEL FINANCIAL CORP40,360$1,610
Centurion Wealth Management LLC39,437$1,573
SUSQUEHANNA INTERNATIONAL GROUP, LLP35,612$1,420
Cambridge Investment Research Advisors, Inc.34,488$1
Anson Capital, Inc.31,795$1,268
JPMORGAN CHASE & CO31,391$1,252
Kestra Advisory Services, LLC30,139$1,202
ENVESTNET ASSET MANAGEMENT INC28,325$1,130
CX Institutional26,258$1
CWM, LLC26,198$1
AMERIPRISE FINANCIAL INC24,384$972
Sanctuary Advisors, LLC22,774$908
Farther Finance Advisors, LLC20,560$820
Integrated Wealth Concepts LLC19,486$777
Mariner, LLC17,356$692
Pallas Capital Advisors LLC17,289$689
Wealthcare Capital Partners, LLC16,190$646
CITIGROUP INC16,090$642
First Heartland Consultants, Inc.14,495$578
Prospera Financial Services Inc14,259$569
STEPHENS INC /AR/13,970$557
Arkadios Wealth Advisors12,583$502
UNITED CAPITAL FINANCIAL ADVISORS, LLC12,549$500
WBH ADVISORY INC12,021$479
CITADEL ADVISORS LLC11,687$466
ALPHA CAPITAL ADVISORS INC /ADV11,253$458
PNC Financial Services Group, Inc.10,928$436
SYKON CAPITAL LLC10,645$425
NewEdge Advisors, LLC10,597$423
MML INVESTORS SERVICES, LLC10,226$408
Pinnacle Financial Partners, Inc.9,338$372
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC8,797$352
LongView Wealth Management8,791$356
&PARTNERS8,269$330
Atria Investments, Inc8,216$328
Concurrent Investment Advisors, LLC7,866$314
Sepio Capital, LP7,569$302
TD Waterhouse Canada Inc.7,453$297
Mill Creek Capital Advisors, LLC6,951$277
Stratos Wealth Partners, LTD.6,531$260
Intrepid Financial Planning Group LLC6,054$241
World Investment Advisors6,012$240
Advisory Services Network, LLC5,410$216
Investors Research Corp4,944$197
FLAGSHIP HARBOR ADVISORS, LLC3,936$157
AE Wealth Management LLC3,842$153
HARBOUR INVESTMENTS, INC.3,470$138
Key Financial Inc2,600$104
PRIVATE TRUST CO NA2,410$96
SRS Capital Advisors, Inc.2,307$92
Sunrise Financial Services, LLC2,186$87
FMR LLC1,682$67
COMERICA BANK1,465$58
Rockefeller Capital Management L.P.1,278$51
Hurley Capital, LLC1,255$50
Steward Partners Investment Advisory, LLC1,250$50
NBC SECURITIES, INC.1,000$40
Federation des caisses Desjardins du Quebec880$35
Keating Financial Advisory Services, Inc.861$34
NVWM, LLC686$27
O'SHAUGHNESSY ASSET MANAGEMENT, LLC684$27
Westfuller Advisors, LLC676$27
ALBION FINANCIAL GROUP /UT577$23
FRANKLIN RESOURCES INC571$23
CIBC Private Wealth Group, LLC482$19
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC450$18
Raleigh Capital Management Inc.344$14
MAI Capital Management300$12
SWAN Capital LLC274$11
Sunbelt Securities, Inc.250$10
UBS ASSET MANAGEMENT AMERICAS INC213$8
Triumph Capital Management200$8
Parallel Advisors, LLC168$7
7 other institutions583$23
Total (107 institutions)6,905,727$270,285