Magnus Financial Group LLC Sells 26,264 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Magnus Financial Group LLC cut its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 75.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,561 shares of the company’s stock after selling 26,264 shares during the period. Magnus Financial Group LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 76.5% during the third quarter. LPL Financial LLC now owns 553,113 shares of the company’s stock worth $12,694,000 after buying an additional 239,775 shares during the period. Central Bank & Trust Co. increased its holdings in Franklin Dynamic Municipal Bond ETF by 66.0% in the fourth quarter. Central Bank & Trust Co. now owns 297,405 shares of the company’s stock worth $7,212,000 after purchasing an additional 118,200 shares in the last quarter. ShoreHaven Wealth Partners LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 77.7% in the third quarter. ShoreHaven Wealth Partners LLC now owns 133,569 shares of the company’s stock valued at $3,065,000 after buying an additional 58,384 shares during the period. Bank of New York Mellon Corp lifted its stake in Franklin Dynamic Municipal Bond ETF by 33.6% in the third quarter. Bank of New York Mellon Corp now owns 77,476 shares of the company’s stock valued at $1,778,000 after buying an additional 19,469 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $1,731,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2 %

NYSEARCA:FLMI opened at $24.20 on Tuesday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $22.50 and a twelve month high of $25.94. The company has a fifty day moving average of $24.30 and a 200-day moving average of $23.92.

Franklin Dynamic Municipal Bond ETF 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.