148,314 Shares in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Purchased by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 148,314 shares of the company’s stock, valued at approximately $3,624,000.

A number of other hedge funds also recently bought and sold shares of FLMI. D.A. Davidson & CO. bought a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $207,000. Latitude Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $210,000. Sigma Planning Corp purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $238,000. Acorn Wealth Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $240,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $244,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.5 %

Shares of NYSEARCA FLMI opened at $24.55 on Thursday. The firm’s 50-day moving average price is $24.57 and its 200-day moving average price is $24.70. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38.

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.