Cetera Investment Advisers Grows Position in Franklin Dynamic Municipal Bond ETF $FLMI

Cetera Investment Advisers grew its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 23.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,446,903 shares of the company’s stock after buying an additional 275,864 shares during the quarter. Cetera Investment Advisers’ holdings in Franklin Dynamic Municipal Bond ETF were worth $35,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Wealth Managment LLC ID boosted its position in Franklin Dynamic Municipal Bond ETF by 704.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock worth $71,000 after acquiring an additional 2,495 shares during the last quarter. Meeder Advisory Services Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF by 25.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock valued at $58,652,000 after acquiring an additional 473,020 shares during the last quarter. Aire Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at about $375,000. Assetmark Inc. lifted its stake in Franklin Dynamic Municipal Bond ETF by 65.7% in the 1st quarter. Assetmark Inc. now owns 17,714 shares of the company’s stock worth $439,000 after purchasing an additional 7,022 shares in the last quarter. Finally, Gerald Baker Financial Group LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $244,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.65 on Friday. The stock’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $25.01. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.98 and a 1-year high of $25.46.

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.