Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Reaches New 1-Year High – Should You Buy?

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $25.09 and last traded at $25.0550, with a volume of 72399 shares. The stock had previously closed at $25.05.

Franklin Dynamic Municipal Bond ETF Stock Performance

The company has a 50-day moving average of $24.93 and a 200-day moving average of $24.66.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Institutional investors have recently modified their holdings of the company. Members Advisory Group LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 3.1% during the 4th quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock worth $393,000 after acquiring an additional 473 shares during the period. Econ Financial Services Corp lifted its stake in Franklin Dynamic Municipal Bond ETF by 2.0% in the third quarter. Econ Financial Services Corp now owns 27,154 shares of the company’s stock valued at $673,000 after buying an additional 532 shares during the period. Wayfinding Financial LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 0.7% in the third quarter. Wayfinding Financial LLC now owns 80,898 shares of the company’s stock valued at $2,003,000 after buying an additional 550 shares during the period. Bowman & Co S.C. boosted its stake in Franklin Dynamic Municipal Bond ETF by 1.0% during the third quarter. Bowman & Co S.C. now owns 56,115 shares of the company’s stock worth $1,390,000 after acquiring an additional 569 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Franklin Dynamic Municipal Bond ETF by 1.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 35,467 shares of the company’s stock valued at $879,000 after buying an additional 575 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.