Cetera Investment Advisers Increases Position in Franklin Dynamic Municipal Bond ETF $FLMI

Cetera Investment Advisers lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,446,903 shares of the company’s stock after buying an additional 275,864 shares during the quarter. Cetera Investment Advisers owned approximately 1.85% of Franklin Dynamic Municipal Bond ETF worth $35,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID grew its position in shares of Franklin Dynamic Municipal Bond ETF by 704.8% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock valued at $71,000 after purchasing an additional 2,495 shares during the period. Meeder Advisory Services Inc. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 25.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after purchasing an additional 473,020 shares during the last quarter. Aire Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth about $375,000. Assetmark Inc. lifted its stake in Franklin Dynamic Municipal Bond ETF by 65.7% in the 1st quarter. Assetmark Inc. now owns 17,714 shares of the company’s stock valued at $439,000 after buying an additional 7,022 shares in the last quarter. Finally, Gerald Baker Financial Group LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at about $244,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.3%

FLMI stock opened at $24.65 on Friday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.98 and a 12-month high of $25.46. The business’s 50-day moving average is $24.98 and its 200 day moving average is $25.01.

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.