Franklin Dynamic Municipal Bond ETF $FLMI Stock Position Lifted by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 20.5% in the 4th quarter, HoldingsChannel reports. The firm owned 180,570 shares of the company’s stock after purchasing an additional 30,767 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up 0.6% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 26th largest holding. Legacy Financial Advisors Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $4,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $25,000. BOKF NA bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $44,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $62,000. Mpwm Advisory Solutions LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $63,000. Finally, NewEdge Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the first quarter valued at about $100,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:FLMI opened at $24.90 on Wednesday. The company’s fifty day moving average is $24.95 and its two-hundred day moving average is $24.98. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.93 and a 12-month 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.