835,217 Shares in Franklin Dynamic Municipal Bond ETF $FLMI Acquired by Waverly Advisors LLC

Waverly Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 835,217 shares of the company’s stock, valued at approximately $21,022,000. Waverly Advisors LLC owned about 0.89% of Franklin Dynamic Municipal Bond ETF at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 395.3% in the first quarter. Geneos Wealth Management Inc. now owns 73,100 shares of the company’s stock valued at $1,812,000 after purchasing an additional 58,340 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 201.2% during the 4th quarter. HighTower Advisors LLC now owns 102,173 shares of the company’s stock valued at $2,541,000 after buying an additional 68,249 shares during the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $632,000. Sequent Planning LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 53.6% in the 4th quarter. Sequent Planning LLC now owns 81,652 shares of the company’s stock valued at $2,031,000 after buying an additional 28,497 shares during the period. Finally, Midwest Financial Partners Investments Inc. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $10,981,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $24.22 on Wednesday. Franklin Dynamic Municipal Bond ETF has a 52 week low of $24.18 and a 52 week high of $25.46. The stock’s 50-day moving average price is $24.71 and its 200-day moving average price is $24.89.

Franklin Dynamic Municipal Bond ETF Company 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.