SHP Wealth Management Takes Position in Franklin Dynamic Municipal Bond ETF $FLMI

SHP Wealth Management acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, HoldingsChannel reports. The fund acquired 33,929 shares of the company’s stock, valued at approximately $844,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF in the third quarter valued at $25,000. BOKF NA purchased a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $44,000. Greenline Wealth Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $52,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $62,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $63,000.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI opened at $25.07 on Friday. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.94 and a 1-year high of $25.46. The business’s 50-day simple moving average is $24.96 and its 200-day simple moving average is $24.99.

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.