Essex Financial Services Inc. Has $634,000 Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Essex Financial Services Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,928 shares of the company’s stock after purchasing an additional 466 shares during the period. Essex Financial Services Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ocean Park Asset Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $2,891,000. Kestra Private Wealth Services LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 12.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 284,843 shares of the company’s stock valued at $6,960,000 after acquiring an additional 30,718 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $822,000. Econ Financial Services Corp bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $774,000. Finally, Secure Asset Management LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 11.0% during the 4th quarter. Secure Asset Management LLC now owns 32,593 shares of the company’s stock worth $796,000 after purchasing an additional 3,227 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA:FLMI opened at $24.47 on Thursday. The business has a 50 day moving average price of $24.55 and a 200 day moving average price of $24.70. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.06 and a twelve month high of $25.38.

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.