835,217 Shares in Franklin Dynamic Municipal Bond ETF $FLMI Bought by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 835,217 shares of the company’s stock, valued at approximately $21,022,000.

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

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI opened at $24.22 on Wednesday. The stock has a 50-day moving average of $24.71 and a 200 day moving average of $24.89. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.18 and a twelve month 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.