Steward Partners Investment Advisory LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) 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.
Further Reading
- Five stocks we like better than Franklin Dynamic Municipal Bond ETF
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?
- With Risk Tolerance, One Size Does Not Fit All
- 3 Stocks to Buy While Others Stay on the Sidelines
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- MarketBeat Week in Review – 03/03 – 03/07
Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
Receive News & Ratings for Franklin Dynamic Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Dynamic Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.