Franklin Dynamic Municipal Bond ETF $FLMI Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 26.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 354,658 shares of the company’s stock after purchasing an additional 75,021 shares during the period. Private Advisor Group LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $8,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FLMI. LPL Financial LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.4% in the fourth quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after buying an additional 1,034,603 shares in the last quarter. Ameriprise Financial Inc. raised its position in Franklin Dynamic Municipal Bond ETF by 93.1% in the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after acquiring an additional 987,594 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Franklin Dynamic Municipal Bond ETF by 75.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after acquiring an additional 660,284 shares during the period. Midwest Financial Partners Investments Inc. acquired a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $10,981,000. Finally, New England Private Wealth Advisors LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 454.6% in the fourth quarter. New England Private Wealth Advisors LLC now owns 525,876 shares of the company’s stock valued at $13,079,000 after acquiring an additional 431,051 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $25.11 on Monday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.94 and a one year high of $25.46. The company’s fifty day moving average is $24.99 and its two-hundred day moving average is $25.01.

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.