Franklin Dynamic Municipal Bond ETF $FLMI Shares Sold by Abound Financial LLC

Abound Financial LLC cut its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,880 shares of the company’s stock after selling 20,342 shares during the period. Abound Financial LLC owned approximately 0.12% of Franklin Dynamic Municipal Bond ETF worth $2,036,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth about $25,000. BOKF NA purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth about $44,000. Greenline Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $52,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth about $62,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth about $63,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.1%

NYSEARCA FLMI opened at $25.04 on Tuesday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.94 and a twelve month high of $25.46. The stock has a 50-day moving average of $24.95 and a 200 day moving average of $24.98.

Franklin Dynamic Municipal Bond ETF Company 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.