Sigma Planning Corp Invests $238,000 in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Sigma Planning Corp acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,502 shares of the company’s stock, valued at approximately $238,000. Sigma Planning Corp owned about 0.11% of Franklin Dynamic Municipal Bond ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FLMI. International Assets Investment Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at approximately $204,000. CWM LLC increased its position in Franklin Dynamic Municipal Bond ETF by 592.5% during the third quarter. CWM LLC now owns 10,007 shares of the company’s stock worth $250,000 after buying an additional 8,562 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth $275,000. TrueWealth Advisors LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 48.3% during the second quarter. TrueWealth Advisors LLC now owns 12,719 shares of the company’s stock valued at $310,000 after acquiring an additional 4,143 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 1st quarter worth about $408,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI stock opened at $24.66 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.21 and a twelve month high of $25.50. The firm has a 50-day moving average price of $24.80 and a 200 day moving average price of $24.60.

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.