Commonwealth Equity Services LLC Purchases New Position in Franklin Dynamic Municipal Bond ETF $FLMI

Commonwealth Equity Services LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 446,832 shares of the company’s stock, valued at approximately $10,420,000.

Several other large investors have also recently modified their holdings of the business. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at $127,184,000. Bank of America Corp DE grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 99.1% in the first quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after purchasing an additional 1,345,211 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 25.0% in the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after purchasing an additional 473,020 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 23.6% in the first quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock worth $35,869,000 after purchasing an additional 275,864 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth $21,022,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI opened at $24.13 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.04 and a twelve month high of $25.46. The stock has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $24.65.

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.