Patriot Financial Group Insurance Agency LLC Has $5.27 Million Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Patriot Financial Group Insurance Agency LLC lifted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 115.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,464 shares of the company’s stock after acquiring an additional 113,923 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $5,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLMI. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $42,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth $44,000. Greenline Wealth Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $62,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

NYSEARCA:FLMI opened at $25.13 on Friday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.94 and a 1 year high of $25.46. The firm’s fifty day simple moving average is $24.98 and its 200 day simple moving average is $24.99.

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.