AdvisorNet Financial Inc Acquires 24,280 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

AdvisorNet Financial Inc increased its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4,046.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,880 shares of the company’s stock after acquiring an additional 24,280 shares during the period. AdvisorNet Financial Inc’s holdings in Franklin Dynamic Municipal Bond ETF were worth $604,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 19.0% in the first quarter. LPL Financial LLC now owns 3,084,460 shares of the company’s stock valued at $75,384,000 after acquiring an additional 493,257 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $50,339,000. GAMMA Investing LLC grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2,162.6% in the first quarter. GAMMA Investing LLC now owns 1,434,530 shares of the company’s stock valued at $35,060,000 after acquiring an additional 1,371,129 shares in the last quarter. Central Bank & Trust Co. grew its holdings in Franklin Dynamic Municipal Bond ETF by 0.3% during the second quarter. Central Bank & Trust Co. now owns 741,931 shares of the company’s stock valued at $17,999,000 after purchasing an additional 2,149 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Franklin Dynamic Municipal Bond ETF by 24.5% during the first quarter. Raymond James Financial Inc. now owns 597,975 shares of the company’s stock valued at $14,615,000 after purchasing an additional 117,811 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI opened at $24.75 on Wednesday. The stock has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $24.19. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.38.

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.