Embree Financial Group lowered its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 5.0% in the second quarter, Holdings Channel reports. The institutional investor owned 27,158 shares of the company’s stock after selling 1,438 shares during the period. Embree Financial Group’s holdings in Franklin Dynamic Municipal Bond ETF were worth $659,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. SouthState Corp purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth $84,000. NewEdge Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the first quarter worth about $100,000. ORG Partners LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth about $122,000. IFP Advisors Inc increased its holdings in Franklin Dynamic Municipal Bond ETF by 44.6% in the first quarter. IFP Advisors Inc now owns 5,971 shares of the company’s stock valued at $146,000 after buying an additional 1,841 shares in the last quarter. Finally, Members Advisory Group LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at approximately $209,000.
Franklin Dynamic Municipal Bond ETF Price Performance
Shares of NYSEARCA:FLMI opened at $24.73 on Friday. The business’s 50 day simple moving average is $24.27 and its 200-day simple moving average is $24.20. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.38.
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.
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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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