Oppenheimer & Co. Inc. Buys 21,835 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Oppenheimer & Co. Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the third quarter, according to its most recent filing with the SEC. The fund purchased 21,835 shares of the company’s stock, valued at approximately $509,000.

Several other hedge funds have also bought and sold shares of the stock. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $127,184,000. Bank of America Corp DE lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 99.1% in the first quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after buying an additional 1,345,211 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 25.0% in the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after buying an additional 473,020 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 23.6% in the first quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock worth $35,869,000 after buying an additional 275,864 shares in the last quarter. Finally, New England Private Wealth Advisors LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 0.8% during the third quarter. New England Private Wealth Advisors LLC now owns 842,408 shares of the company’s stock valued at $19,645,000 after buying an additional 6,422 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock opened at $24.29 on Friday. The firm has a fifty day moving average price of $23.80 and a 200 day moving average price of $24.67. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.04 and a fifty-two week high of $25.46.

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.