Franklin Dynamic Municipal Bond ETF $FLMI Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management decreased its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 68.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,143 shares of the company’s stock after selling 32,600 shares during the period. Financial Advocates Investment Management’s holdings in Franklin Dynamic Municipal Bond ETF were worth $375,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth $30,000. Assetmark Inc. acquired a new stake in Franklin Dynamic Municipal Bond ETF during the second quarter worth about $60,000. NewEdge Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth about $100,000. SouthState Corp raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 31.2% in the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after purchasing an additional 1,078 shares during the period. Finally, Howard Wealth Management LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $205,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:FLMI opened at $25.27 on Friday. The stock has a 50-day simple moving average of $24.97 and a 200-day simple moving average of $24.74. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.27.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.0762 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.