Phoenix Wealth Advisors Acquires Shares of 12,000 Franklin Dynamic Municipal Bond ETF $FLMI

Phoenix Wealth Advisors acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,000 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds have also bought and sold shares of the business. LPL Financial LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 19.0% in the 1st quarter. LPL Financial LLC now owns 3,084,460 shares of the company’s stock valued at $75,384,000 after purchasing an additional 493,257 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 5.2% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,166,091 shares of the company’s stock valued at $52,549,000 after acquiring an additional 106,403 shares during the last quarter. Central Bank & Trust Co. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 0.3% during the 2nd quarter. Central Bank & Trust Co. now owns 741,931 shares of the company’s stock valued at $17,999,000 after acquiring an additional 2,149 shares during the period. Raymond James Financial Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 24.5% during the 1st quarter. Raymond James Financial Inc. now owns 597,975 shares of the company’s stock worth $14,615,000 after purchasing an additional 117,811 shares during the last quarter. Finally, BlueStem Wealth Partners LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $10,255,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI opened at $24.90 on Friday. The stock has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $24.36. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year 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.