Philip James Wealth Mangement LLC acquired a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,230 shares of the company’s stock, valued at approximately $823,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FLMI. Ameritas Advisory Services LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at about $30,000. Assetmark Inc. acquired a new position in Franklin Dynamic Municipal Bond ETF in the second quarter valued at approximately $60,000. NewEdge Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $100,000. SouthState Corp boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 31.2% during the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after buying an additional 1,078 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth approximately $200,000.
Franklin Dynamic Municipal Bond ETF Trading Up 0.1%
NYSEARCA:FLMI opened at $25.01 on Friday. The company has a fifty day moving average of $24.88 and a 200-day moving average of $24.58. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.04.
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.
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