Prentice Wealth Management LLC Makes New $1.72 Million Investment in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Prentice Wealth Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 70,265 shares of the company’s stock, valued at approximately $1,717,000. Franklin Dynamic Municipal Bond ETF makes up approximately 0.5% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors have also modified their holdings of FLMI. D.A. Davidson & CO. purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $207,000. Latitude Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $210,000. Sigma Planning Corp purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $238,000. Atria Wealth Solutions Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $244,000. Finally, International Assets Investment Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $349,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.4 %

Shares of NYSEARCA FLMI opened at $24.69 on Friday. The stock has a fifty day moving average price of $24.51 and a 200 day moving average price of $24.69. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.06 and a 12-month 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.