SHP Wealth Management Takes $844,000 Position in Franklin Dynamic Municipal Bond ETF $FLMI

SHP Wealth Management acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,929 shares of the company’s stock, valued at approximately $844,000. SHP Wealth Management owned about 0.05% of Franklin Dynamic Municipal Bond ETF as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $25,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $44,000. Greenline Wealth Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth about $52,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $62,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $63,000.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $25.07 on Friday. The firm has a 50 day simple moving average of $24.96 and a 200-day simple moving average of $24.99. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.94 and a 1-year high of $25.46.

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.