Franklin Dynamic Municipal Bond ETF $FLMI Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 16.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 783,830 shares of the company’s stock after buying an additional 113,491 shares during the period. Sanctuary Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $19,431,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.4% in the 4th quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after purchasing an additional 1,034,603 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted 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 during the last quarter. 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 worth $50,767,000 after purchasing an additional 987,594 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in Franklin Dynamic Municipal Bond ETF by 9.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,892,928 shares of the company’s stock worth $47,077,000 after purchasing an additional 155,902 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings 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 buying an additional 660,284 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $24.97 on Thursday. The stock’s 50 day moving average price is $24.99 and its two-hundred day moving average price is $25.02. 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 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.