Janney Montgomery Scott LLC Buys 35,392 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Janney Montgomery Scott LLC increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 184.5% during the 1st quarter, Holdings Channel reports. The firm owned 54,579 shares of the company’s stock after purchasing an additional 35,392 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,334,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Comerica Bank bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth approximately $76,000. EverSource Wealth Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth approximately $192,000. Atria Wealth Solutions Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter worth approximately $244,000. NewSquare Capital LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth approximately $306,000. Finally, Private Trust Co. NA boosted its stake in Franklin Dynamic Municipal Bond ETF by 108.7% in the fourth quarter. Private Trust Co. NA now owns 13,522 shares of the company’s stock worth $330,000 after buying an additional 7,043 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Up 0.0%

Shares of FLMI opened at $24.21 on Friday. The stock has a 50 day simple moving average of $24.11 and a two-hundred day simple moving average of $24.34. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.38.

Franklin Dynamic Municipal Bond ETF Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.