Northwestern Mutual Wealth Management Co. Raises Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

Northwestern Mutual Wealth Management Co. increased its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 2,742.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,816 shares of the company’s stock after acquiring an additional 68,325 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of Franklin Dynamic Municipal Bond ETF worth $1,761,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $25,000. BOKF NA purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $44,000. Mpwm Advisory Solutions LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $63,000. NewEdge Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth approximately $100,000. Finally, Assetmark Inc. grew its position in Franklin Dynamic Municipal Bond ETF by 97.1% in the third quarter. Assetmark Inc. now owns 4,857 shares of the company’s stock worth $120,000 after acquiring an additional 2,393 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Down 0.1%

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $25.03 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.46. The stock has a 50 day moving average of $24.91 and a 200 day moving average of $24.98.

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.