43,649 Shares in Franklin Dynamic Municipal Bond ETF $FLMI Purchased by XY Planning Network Inc.

XY Planning Network Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,649 shares of the company’s stock, valued at approximately $1,099,000.

Several other hedge funds have also bought and sold shares of FLMI. Waverly Advisors LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth approximately $21,022,000. Citadel Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the second quarter valued at $849,000. Kintra Wealth LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 10.4% in the second quarter. Kintra Wealth LLC now owns 28,540 shares of the company’s stock worth $708,000 after acquiring an additional 2,682 shares during the period. Members Advisory Group LLC grew its position in Franklin Dynamic Municipal Bond ETF by 24.1% in the 2nd quarter. Members Advisory Group LLC now owns 24,039 shares of the company’s stock worth $605,000 after purchasing an additional 4,667 shares during the period. Finally, Legacy Financial Advisors Inc. increased its position in shares of Franklin Dynamic Municipal Bond ETF by 17.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 222,089 shares of the company’s stock valued at $5,590,000 after purchasing an additional 32,515 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI opened at $24.22 on Wednesday. Franklin Dynamic Municipal Bond ETF has a 1-year low of $24.18 and a 1-year high of $25.46. The firm’s 50 day simple moving average is $24.71 and its two-hundred day simple moving average is $24.89.

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.