Abound Financial LLC Reduces Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

Abound Financial LLC cut its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 19.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 81,880 shares of the company’s stock after selling 20,342 shares during the quarter. Abound Financial LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $2,036,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $25,000. BOKF NA acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth $44,000. Greenline Wealth Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $52,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth $63,000.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock opened at $25.04 on Tuesday. The business has a fifty day moving average of $24.95 and a two-hundred day moving average of $24.98. 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 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.