Golden State Wealth Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,647 shares of the company’s stock, valued at approximately $822,000. Golden State Wealth Management LLC owned 0.40% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at $238,000. CWM LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 592.5% during the third quarter. CWM LLC now owns 10,007 shares of the company’s stock valued at $250,000 after purchasing an additional 8,562 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $349,000. TrueWealth Advisors LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 24.9% in the third quarter. TrueWealth Advisors LLC now owns 15,891 shares of the company’s stock valued at $397,000 after purchasing an additional 3,172 shares in the last quarter. Finally, Atria Investments Inc increased its position in Franklin Dynamic Municipal Bond ETF by 13.2% in the 3rd quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after purchasing an additional 1,974 shares during the last quarter.
Franklin Dynamic Municipal Bond ETF Trading Up 0.1 %
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.64 on Friday. The stock has a 50-day simple moving average of $24.58 and a 200-day simple moving average of $24.70. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38.
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.
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