NewEdge Advisors LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 29.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 369,979 shares of the company’s stock after buying an additional 85,207 shares during the period. NewEdge Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $9,312,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its holdings in 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 valued at $1,385,000 after purchasing an additional 427 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF by 5.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 16,938 shares of the company’s stock worth $421,000 after purchasing an additional 829 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 2.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after buying an additional 891 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 8.1% during the 2nd quarter. Baird Financial Group Inc. now owns 11,895 shares of the company’s stock worth $299,000 after buying an additional 895 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 6.2% in the 1st quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock valued at $381,000 after buying an additional 900 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Stock Up 0.4%
NYSEARCA FLMI opened at $23.97 on Friday. The firm’s fifty day moving average price is $24.64 and its 200 day moving average price is $24.87. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.87 and a 12 month high of $25.46.
About Franklin Dynamic Municipal Bond ETF
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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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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