Ocean Park Asset Management LLC Has $8.71 Million Position in Franklin Dynamic Municipal Bond ETF $FLMI

Ocean Park Asset Management LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 307.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,200 shares of the company’s stock after acquiring an additional 264,900 shares during the quarter. Ocean Park Asset Management LLC owned approximately 0.45% of Franklin Dynamic Municipal Bond ETF worth $8,706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FLMI. Allworth Financial LP acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $42,000. BOKF NA purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $62,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Franklin Dynamic Municipal Bond ETF stock opened at $25.07 on Monday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.94 and a twelve month high of $25.46. The firm has a 50 day moving average price of $24.96 and a 200-day moving average price of $24.99.

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.