Franklin Dynamic Municipal Bond ETF $FLMI Shares Purchased by Prentice Wealth Management LLC

Prentice Wealth Management LLC raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,218 shares of the company’s stock after purchasing an additional 29,070 shares during the quarter. Franklin Dynamic Municipal Bond ETF comprises about 1.6% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Prentice Wealth Management LLC owned 0.37% of Franklin Dynamic Municipal Bond ETF worth $7,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 201.2% during the 4th quarter. HighTower Advisors LLC now owns 102,173 shares of the company’s stock valued at $2,541,000 after buying an additional 68,249 shares during the period. Penney Financial LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 240.3% in the 4th quarter. Penney Financial LLC now owns 260,442 shares of the company’s stock worth $6,477,000 after acquiring an additional 183,905 shares during the period. WCG Wealth Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $632,000. Cliftonlarsonallen Wealth Advisors LLC grew its position in Franklin Dynamic Municipal Bond ETF by 4.1% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,366,025 shares of the company’s stock valued at $58,843,000 after acquiring an additional 93,813 shares in the last quarter. Finally, MMA Asset Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $757,000.

Franklin Dynamic Municipal Bond ETF Trading Down 0.0%

FLMI opened at $25.07 on Wednesday. The firm’s 50 day moving average is $24.97 and its 200-day moving average is $24.99. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.94 and a 52-week high of $25.46.

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.