New England Private Wealth Advisors LLC Has $13.08 Million Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

New England Private Wealth Advisors LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 454.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,876 shares of the company’s stock after buying an additional 431,051 shares during the period. Franklin Dynamic Municipal Bond ETF makes up about 1.6% of New England Private Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. New England Private Wealth Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $13,079,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FLMI. LPL Financial LLC raised its position in Franklin Dynamic Municipal Bond ETF by 27.4% during the fourth quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after buying an additional 1,034,603 shares during the period. Ameriprise Financial Inc. grew its stake in Franklin Dynamic Municipal Bond ETF by 93.1% in the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock valued at $50,767,000 after purchasing an additional 987,594 shares in the last quarter. Wells Fargo & Company MN grew its stake in Franklin Dynamic Municipal Bond ETF by 75.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after purchasing an additional 660,284 shares in the last quarter. Midwest Financial Partners Investments Inc. purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $10,981,000. Finally, Raymond James Financial Inc. grew its stake in Franklin Dynamic Municipal Bond ETF by 33.9% in the third quarter. Raymond James Financial Inc. now owns 1,107,080 shares of the company’s stock valued at $27,422,000 after purchasing an additional 280,536 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $25.02 on Friday. The business’s 50-day moving average price is $24.94 and its two-hundred day moving average price is $24.98. Franklin Dynamic Municipal Bond ETF has a one year low of $23.94 and a one year 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.