Midwest Financial Partners Investments Inc. Acquires Shares of 441,555 Franklin Dynamic Municipal Bond ETF $FLMI

Midwest Financial Partners Investments Inc. acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 441,555 shares of the company’s stock, valued at approximately $10,981,000. Franklin Dynamic Municipal Bond ETF accounts for approximately 6.1% of Midwest Financial Partners Investments Inc.’s holdings, making the stock its 5th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 4.1% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,366,025 shares of the company’s stock valued at $58,843,000 after buying an additional 93,813 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 93.1% during the 3rd 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 in the last quarter. Focus Partners Wealth raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 8.9% during the 3rd quarter. Focus Partners Wealth now owns 1,426,015 shares of the company’s stock worth $35,322,000 after buying an additional 116,257 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of 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 buying an additional 280,536 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 21.6% during the 4th quarter. Sanctuary Advisors LLC now owns 670,339 shares of the company’s stock worth $16,671,000 after buying an additional 119,181 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI stock opened at $24.76 on Friday. The stock has a 50 day simple moving average of $24.89 and a 200-day simple moving average of $24.97. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.93 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.