Corient Private Wealth LLC Acquires New Shares in Franklin Dynamic Municipal Bond ETF $FLMI

Corient Private Wealth LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,300 shares of the company’s stock, valued at approximately $579,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 27.4% in the fourth quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after acquiring an additional 1,034,603 shares during the period. Ameriprise Financial Inc. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 93.1% during the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after purchasing an additional 987,594 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after purchasing an additional 660,284 shares in the last quarter. Midwest Financial Partners Investments Inc. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $10,981,000. Finally, New England Private Wealth Advisors LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 454.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 525,876 shares of the company’s stock valued at $13,079,000 after purchasing an additional 431,051 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $25.11 on Friday. The stock has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $25.01. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.94 and a 52-week high of $25.46.

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.