Hobart Private Capital LLC Acquires 79,278 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Hobart Private Capital LLC increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 608.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 92,311 shares of the company’s stock after acquiring an additional 79,278 shares during the period. Hobart Private Capital LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $2,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at approximately $100,000. Jane Street Group LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 37.2% during the 1st quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock valued at $1,107,000 after purchasing an additional 12,284 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at approximately $1,982,000. Raymond James Financial Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF by 38.2% during the 2nd quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock valued at $20,052,000 after buying an additional 228,569 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after buying an additional 309,775 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $24.57 on Tuesday. The business has a fifty day moving average of $24.97 and a 200 day moving average of $25.00. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.05 and a 52-week 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.