Prentice Wealth Management LLC increased its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,084 shares of the company’s stock after acquiring an additional 21,735 shares during the period. Franklin Dynamic Municipal Bond ETF makes up 1.3% of Prentice Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Prentice Wealth Management LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $5,154,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLMI. Ameritas Advisory Services LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth about $30,000. Assetmark Inc. bought a new position in Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth approximately $60,000. NewEdge Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at approximately $100,000. SouthState Corp boosted its position in Franklin Dynamic Municipal Bond ETF by 31.2% during the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after acquiring an additional 1,078 shares during the period. Finally, DAVENPORT & Co LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth $200,000.
Franklin Dynamic Municipal Bond ETF Price Performance
Shares of FLMI opened at $24.90 on Friday. The stock’s fifty day moving average is $24.90 and its 200-day moving average is $24.49. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.04.
Franklin Dynamic Municipal Bond ETF 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.
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