Diversify Wealth Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,184 shares of the company’s stock, valued at approximately $928,000.
A number of other institutional investors and hedge funds have also bought and sold shares of FLMI. NewEdge Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at $100,000. Jane Street Group LLC grew its position in Franklin Dynamic Municipal Bond ETF by 37.2% in the 1st quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock worth $1,107,000 after purchasing an additional 12,284 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth $1,982,000. Raymond James Financial Inc. increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 38.2% during the 2nd quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock worth $20,052,000 after purchasing an additional 228,569 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock worth $25,683,000 after purchasing an additional 309,775 shares during the period.
Franklin Dynamic Municipal Bond ETF Stock Down 0.2%
Shares of FLMI opened at $24.93 on Friday. The company has a 50-day simple moving average of $24.99 and a 200-day simple moving average of $25.02. 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 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.
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