Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Stock Position Lifted by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,191 shares of the company’s stock after purchasing an additional 5,129 shares during the quarter. Gladstone Institutional Advisory LLC owned 0.26% of Franklin Dynamic Municipal Bond ETF worth $542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock worth $5,718,000 after purchasing an additional 18,867 shares in the last quarter. Stifel Financial Corp grew its holdings in Franklin Dynamic Municipal Bond ETF by 119.1% during the third quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock worth $611,000 after acquiring an additional 13,281 shares during the period. Atria Investments Inc raised its position in Franklin Dynamic Municipal Bond ETF by 13.2% in the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after acquiring an additional 1,974 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 80.5% in the 3rd quarter. Private Advisor Group LLC now owns 72,359 shares of the company’s stock valued at $1,810,000 after acquiring an additional 32,275 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 57.6% in the 4th quarter. GAMMA Investing LLC now owns 63,401 shares of the company’s stock valued at $1,549,000 after acquiring an additional 23,174 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0 %

NYSEARCA FLMI opened at $24.57 on Friday. The company’s 50 day simple moving average is $24.54 and its 200 day simple moving average is $24.70. Franklin Dynamic Municipal Bond ETF has a 12 month low of $24.06 and a 12 month high of $25.38.

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.