RFG Advisory LLC Acquires 44,157 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

RFG Advisory LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 7.8% in the 2nd quarter, Holdings Channel reports. The firm owned 613,288 shares of the company’s stock after acquiring an additional 44,157 shares during the period. RFG Advisory LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $15,436,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FLMI. Allworth Financial LP purchased a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $25,000. Rockefeller Capital Management L.P. purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $42,000. BOKF NA purchased a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth $62,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Franklin Dynamic Municipal Bond ETF stock opened at $24.22 on Wednesday. The firm’s fifty day moving average price is $24.71 and its 200-day moving average price is $24.89. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $24.18 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.