Sequent Planning LLC Acquires 28,497 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Sequent Planning LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 53.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 81,652 shares of the company’s stock after purchasing an additional 28,497 shares during the period. Sequent Planning LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $2,031,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FLMI. Cliftonlarsonallen Wealth Advisors LLC increased its position 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 worth $58,843,000 after buying an additional 93,813 shares during the period. Ameriprise Financial Inc. lifted its holdings 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 last quarter. Focus Partners Wealth boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 8.9% in the third quarter. Focus Partners Wealth now owns 1,426,015 shares of the company’s stock valued at $35,322,000 after acquiring an additional 116,257 shares during the period. Raymond James Financial Inc. boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 33.9% in the third quarter. Raymond James Financial Inc. now owns 1,107,080 shares of the company’s stock valued at $27,422,000 after acquiring an additional 280,536 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 21.6% in the fourth quarter. Sanctuary Advisors LLC now owns 670,339 shares of the company’s stock worth $16,671,000 after acquiring an additional 119,181 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI stock opened at $24.74 on Monday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.93 and a 1 year high of $25.46. The firm’s fifty day simple moving average is $24.93 and its 200 day simple moving average is $24.98.

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.