NewEdge Advisors LLC Buys 58,394 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

NewEdge Advisors LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 25.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 284,772 shares of the company’s stock after acquiring an additional 58,394 shares during the period. NewEdge Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $7,060,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock worth $1,385,000 after purchasing an additional 427 shares in the last quarter. Members Advisory Group LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 3.1% in the 4th quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock valued at $393,000 after buying an additional 473 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 5.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 16,938 shares of the company’s stock worth $421,000 after purchasing an additional 829 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after buying an additional 891 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 6.2% in the 1st quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock worth $381,000 after purchasing an additional 900 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.0%

Shares of FLMI stock opened at $24.72 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.05 and a 1 year high of $25.46. The stock has a 50 day simple moving average of $24.93 and a 200 day simple moving average of $24.99.

Franklin Dynamic Municipal Bond ETF Company 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.