New England Private Wealth Advisors LLC Buys 431,051 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

New England Private Wealth Advisors LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 454.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,876 shares of the company’s stock after buying an additional 431,051 shares during the period. New England Private Wealth Advisors LLC owned 0.80% of Franklin Dynamic Municipal Bond ETF worth $13,079,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Axxcess Wealth Management LLC raised its holdings in Franklin Dynamic Municipal Bond ETF by 2.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock valued at $851,000 after buying an additional 891 shares in the last quarter. Midwest Financial Partners Investments Inc. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $10,981,000. One Degree Advisors Inc increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.1% in the fourth quarter. One Degree Advisors Inc now owns 120,667 shares of the company’s stock worth $3,000,000 after purchasing an additional 25,741 shares during the period. Global Retirement Partners LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 0.8% in the fourth quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock worth $1,385,000 after purchasing an additional 427 shares during the period. Finally, Kennedy Investment Group bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $229,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

Franklin Dynamic Municipal Bond ETF stock opened at $24.80 on Friday. The business’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $24.97. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.94 and a 52 week high of $25.46.

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.