92,150 Shares in Franklin Dynamic Municipal Bond ETF $FLMI Acquired by Madrid Wealth Management LLC

Madrid Wealth Management LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 92,150 shares of the company’s stock, valued at approximately $2,292,000. Franklin Dynamic Municipal Bond ETF comprises about 1.9% of Madrid Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Madrid Wealth Management LLC owned 0.14% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 4.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,366,025 shares of the company’s stock worth $58,843,000 after purchasing an additional 93,813 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 93.1% during the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after buying an additional 987,594 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the third quarter. Meeder Advisory Services Inc. now owns 1,737,026 shares of the company’s stock valued at $43,026,000 after buying an additional 143,597 shares during the last quarter. Focus Partners Wealth raised its stake in Franklin Dynamic Municipal Bond ETF by 8.9% in the 3rd quarter. Focus Partners Wealth now owns 1,426,015 shares of the company’s stock worth $35,322,000 after acquiring an additional 116,257 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Franklin Dynamic Municipal Bond ETF by 33.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,107,080 shares of the company’s stock worth $27,422,000 after acquiring an additional 280,536 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Up 0.0%

Franklin Dynamic Municipal Bond ETF stock opened at $24.98 on Friday. The stock has a 50-day moving average price of $25.00 and a 200 day moving average price of $24.98. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.93 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.