NewEdge Advisors LLC increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 25.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,772 shares of the company’s stock after purchasing an additional 58,394 shares during the period. NewEdge Advisors LLC owned approximately 0.36% of Franklin Dynamic Municipal Bond ETF worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $42,000. BOKF NA bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $62,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
NYSEARCA FLMI opened at $24.72 on Tuesday. The stock’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $24.99. Franklin Dynamic Municipal Bond ETF has a 52 week low of $24.05 and a 52 week high of $25.46.
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.
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