Sequent Planning LLC Makes New $1.32 Million Investment in Franklin Dynamic Municipal Bond ETF $FLMI

Sequent Planning LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 53,155 shares of the company’s stock, valued at approximately $1,317,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at $60,000. NewEdge Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth $100,000. SouthState Corp increased its position in Franklin Dynamic Municipal Bond ETF by 31.2% during the second quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after buying an additional 1,078 shares during the last quarter. Howard Wealth Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth $205,000. Finally, Cornerstone Wealth Management LLC bought a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $206,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI opened at $25.14 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.46. The stock’s 50-day moving average is $25.12 and its two-hundred day moving average is $24.87.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0748 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.