Fire Capital Management LLC Invests $1.47 Million in Franklin Dynamic Municipal Bond ETF $FLMI

Fire Capital Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,073 shares of the company’s stock, valued at approximately $1,469,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $25,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $62,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $63,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth about $100,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI opened at $24.93 on Thursday. The firm has a 50-day moving average of $24.99 and a 200-day moving average 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.