Lido Advisors LLC Takes Position in Franklin Dynamic Municipal Bond ETF $FLMI

Lido Advisors LLC bought a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the first quarter, Holdings Channel reports. The firm bought 54,252 shares of the company’s stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC raised its holdings in Franklin Dynamic Municipal Bond ETF by 27.4% during the 4th quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after acquiring an additional 1,034,603 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 93.1% during the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after purchasing an additional 987,594 shares in the last quarter. Wells Fargo & Company MN grew its stake in Franklin Dynamic Municipal Bond ETF by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock worth $38,075,000 after buying an additional 660,284 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in 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 valued at $58,652,000 after acquiring an additional 473,020 shares during the last quarter. Finally, Midwest Financial Partners Investments Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $10,981,000.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock opened at $24.72 on Tuesday. The company’s 50 day moving average price is $24.98 and its two-hundred day moving average price is $25.01. Franklin Dynamic Municipal Bond ETF has a one year low of $23.98 and a one year 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.