Legacy Financial Advisors Inc. Acquires 32,515 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Legacy Financial Advisors Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 17.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,089 shares of the company’s stock after acquiring an additional 32,515 shares during the period. Franklin Dynamic Municipal Bond ETF makes up 0.7% of Legacy Financial Advisors Inc.’s investment portfolio, making the stock its 26th largest position. Legacy Financial Advisors Inc. owned about 0.24% of Franklin Dynamic Municipal Bond ETF worth $5,590,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FLMI. Redhawk Wealth Advisors Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 11.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 96,209 shares of the company’s stock worth $2,422,000 after purchasing an additional 9,527 shares in the last quarter. Tenzing Financial LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 27.5% in the second quarter. Tenzing Financial LLC now owns 23,290 shares of the company’s stock valued at $585,000 after purchasing an additional 5,020 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the second quarter valued at approximately $761,000. First Heartland Consultants Inc. lifted its position in Franklin Dynamic Municipal Bond ETF by 16.1% during the second quarter. First Heartland Consultants Inc. now owns 22,899 shares of the company’s stock valued at $576,000 after purchasing an additional 3,171 shares during the last quarter. Finally, TrueWealth Advisors LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 5.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 46,319 shares of the company’s stock worth $1,166,000 after buying an additional 2,447 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Down 0.2%

NYSEARCA FLMI opened at $24.49 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.05 and a 52-week high of $25.46. The company has a fifty day moving average of $24.81 and a 200-day moving average of $24.94.

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.