Steward Partners Investment Advisory LLC Has $2.02 Million Stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Steward Partners Investment Advisory LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,485 shares of the company’s stock after acquiring an additional 16,372 shares during the period. Steward Partners Investment Advisory LLC owned 0.98% of Franklin Dynamic Municipal Bond ETF worth $2,016,000 at the end of the most recent quarter.

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

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $24.73 on Friday. The firm has a 50-day moving average price of $24.56 and a 200 day moving average price of $24.70. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.06 and a 12-month high of $25.38.

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.