Spire Wealth Management Makes New $739,000 Investment in Franklin Dynamic Municipal Bond ETF $FLMI

Spire Wealth Management acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, Holdings Channel reports. The fund acquired 29,723 shares of the company’s stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Allworth Financial LP bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $25,000. BOKF NA bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $62,000. Mpwm Advisory Solutions LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $63,000. Finally, NewEdge Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the first quarter worth approximately $100,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Franklin Dynamic Municipal Bond ETF stock opened at $24.79 on Wednesday. The stock’s fifty day moving average price is $25.10 and its two-hundred day moving average price is $24.95. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.46.

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.