Franklin Dynamic Municipal Bond ETF $FLMI Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management decreased its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 68.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,143 shares of the company’s stock after selling 32,600 shares during the quarter. Financial Advocates Investment Management’s holdings in Franklin Dynamic Municipal Bond ETF were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cliftonlarsonallen Wealth Advisors LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 4.9% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,272,212 shares of the company’s stock valued at $56,283,000 after purchasing an additional 106,121 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the 3rd quarter. Meeder Advisory Services Inc. now owns 1,737,026 shares of the company’s stock valued at $43,026,000 after buying an additional 143,597 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock worth $25,683,000 after buying an additional 309,775 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 38.2% in the second quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock worth $20,052,000 after buying an additional 228,569 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 227.7% in the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock worth $16,480,000 after buying an additional 472,025 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

NYSEARCA FLMI opened at $25.27 on Friday. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.27. The company’s fifty day moving average price is $24.97 and its two-hundred day moving average price is $24.74.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0762 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

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.