Franklin Dynamic Municipal Bond ETF $FLMI Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 395.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,100 shares of the company’s stock after buying an additional 58,340 shares during the period. Geneos Wealth Management Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,812,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $100,000. Jane Street Group LLC raised its position in Franklin Dynamic Municipal Bond ETF by 37.2% in the first quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock worth $1,107,000 after acquiring an additional 12,284 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth $1,982,000. Raymond James Financial Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF by 38.2% in the second quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock valued at $20,052,000 after acquiring an additional 228,569 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after acquiring an additional 309,775 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $24.92 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.94 and a one year high of $25.46. The company’s fifty day moving average is $24.99 and its two-hundred day moving average is $25.02.

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.