One Degree Advisors Inc grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,667 shares of the company’s stock after acquiring an additional 25,741 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up approximately 0.8% of One Degree Advisors Inc’s holdings, making the stock its 25th largest position. One Degree Advisors Inc owned 0.18% of Franklin Dynamic Municipal Bond ETF worth $3,000,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth $25,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000. Mpwm Advisory Solutions LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $63,000. Finally, NewEdge Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth about $100,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.1%
NYSEARCA FLMI opened at $24.76 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.93 and a one year high of $25.46. The company has a 50-day simple moving average of $24.89 and a 200-day simple moving average of $24.97.
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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