Steward Partners Investment Advisory LLC Purchases 24,571 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Steward Partners Investment Advisory LLC raised its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 26.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 117,720 shares of the company’s stock after acquiring an additional 24,571 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $2,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of Franklin Dynamic Municipal Bond ETF by 38.7% during the first quarter. Cetera Investment Advisers now owns 207,302 shares of the company’s stock worth $5,066,000 after purchasing an additional 57,801 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Franklin Dynamic Municipal Bond ETF by 2,194.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,225 shares of the company’s stock valued at $225,000 after buying an additional 8,823 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Franklin Dynamic Municipal Bond ETF by 18.0% in the first quarter. Atria Wealth Solutions Inc. now owns 11,791 shares of the company’s stock valued at $288,000 after buying an additional 1,801 shares during the last quarter. Leeward Financial Partners LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 2.7% in the first quarter. Leeward Financial Partners LLC now owns 66,386 shares of the company’s stock valued at $1,622,000 after buying an additional 1,739 shares during the last quarter. Finally, One Degree Advisors Inc boosted its holdings in Franklin Dynamic Municipal Bond ETF by 3.6% in the first quarter. One Degree Advisors Inc now owns 76,769 shares of the company’s stock worth $1,876,000 after acquiring an additional 2,670 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI opened at $24.97 on Friday. The firm’s 50-day moving average price is $24.86 and its 200-day moving average price is $24.42. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.05 and a 52-week high of $25.38.

About Franklin Dynamic Municipal Bond ETF

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.