Cliftonlarsonallen Wealth Advisors LLC Boosts Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,272,212 shares of the company’s stock after buying an additional 106,121 shares during the quarter. Franklin Dynamic Municipal Bond ETF comprises about 0.9% of Cliftonlarsonallen Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Cliftonlarsonallen Wealth Advisors LLC owned about 0.06% of Franklin Dynamic Municipal Bond ETF worth $56,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FLMI. Osaic Holdings Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 192.0% during the second quarter. Osaic Holdings Inc. now owns 383,845 shares of the company’s stock valued at $9,312,000 after buying an additional 252,383 shares during the last quarter. Prentice Wealth Management LLC raised its holdings in Franklin Dynamic Municipal Bond ETF by 11.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 208,084 shares of the company’s stock worth $5,154,000 after acquiring an additional 21,735 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 20.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock valued at $1,593,000 after acquiring an additional 11,078 shares in the last quarter. Assetmark Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at $60,000. Finally, Cetera Investment Advisers boosted its stake in Franklin Dynamic Municipal Bond ETF by 227.7% during the 2nd quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock valued at $16,480,000 after purchasing an additional 472,025 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI stock opened at $24.82 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.04. The business has a fifty day moving average price of $24.90 and a 200-day moving average price of $24.50.

About Franklin Dynamic Municipal Bond ETF

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.