Cliftonlarsonallen Wealth Advisors LLC Buys 106,403 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,166,091 shares of the company’s stock after buying an additional 106,403 shares during the period. Franklin Dynamic Municipal Bond ETF accounts for approximately 0.9% of Cliftonlarsonallen Wealth Advisors LLC’s portfolio, making the stock its 26th largest position. Cliftonlarsonallen Wealth Advisors LLC owned 0.07% of Franklin Dynamic Municipal Bond ETF worth $52,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FLMI. Integrity Wealth Advisors Inc. lifted its position in Franklin Dynamic Municipal Bond ETF by 2.7% during the first quarter. Integrity Wealth Advisors Inc. now owns 19,026 shares of the company’s stock valued at $465,000 after buying an additional 496 shares during the period. Cedar Point Capital Partners LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 1.8% in the 1st quarter. Cedar Point Capital Partners LLC now owns 39,056 shares of the company’s stock worth $955,000 after acquiring an additional 693 shares in the last quarter. Acorn Wealth Advisors LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 7.4% in the 1st quarter. Acorn Wealth Advisors LLC now owns 10,563 shares of the company’s stock worth $258,000 after acquiring an additional 730 shares in the last quarter. Collaborative Wealth Managment Inc. lifted its position in Franklin Dynamic Municipal Bond ETF by 2.8% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 31,068 shares of the company’s stock valued at $759,000 after acquiring an additional 843 shares during the period. Finally, Leeward Financial Partners LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 2.7% during the first quarter. Leeward Financial Partners LLC now owns 66,386 shares of the company’s stock worth $1,622,000 after acquiring an additional 1,739 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $24.74 on Thursday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.38. The firm’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $24.20.

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.