Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Reaches New 1-Year High – Here’s What Happened

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $25.04 and last traded at $25.0150, with a volume of 37440 shares traded. The stock had previously closed at $25.01.

Franklin Dynamic Municipal Bond ETF Price Performance

The stock’s 50 day simple moving average is $24.88 and its 200-day simple moving average is $24.58.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth $100,000. Jane Street Group LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 37.2% during the 1st quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock worth $1,107,000 after acquiring an additional 12,284 shares in the last quarter. TruWealth Advisors LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2.4% during the 2nd quarter. TruWealth Advisors LLC now owns 220,265 shares of the company’s stock valued at $5,344,000 after acquiring an additional 5,150 shares during the last quarter. Wealth Alliance Advisory Group LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 2.3% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 172,559 shares of the company’s stock valued at $4,186,000 after acquiring an additional 3,845 shares in the last quarter. Finally, Bowman & Co S.C. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 4.1% in the 2nd quarter. Bowman & Co S.C. now owns 55,546 shares of the company’s stock valued at $1,348,000 after acquiring an additional 2,171 shares in the last quarter.

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.