LPL Financial LLC Has $63.32 Million Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

LPL Financial LLC raised its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 143.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,591,203 shares of the company’s stock after acquiring an additional 1,528,430 shares during the quarter. LPL Financial LLC owned about 30.67% of Franklin Dynamic Municipal Bond ETF worth $63,316,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock valued at $5,718,000 after acquiring 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 valued at $611,000 after purchasing an additional 13,281 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $207,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $244,000. Finally, Truist Financial Corp boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 20.2% during the 4th quarter. Truist Financial Corp now owns 28,603 shares of the company’s stock worth $699,000 after buying an additional 4,803 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Down 0.8 %

NYSEARCA:FLMI opened at $24.29 on Thursday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.06 and a 1 year high of $25.38. The firm’s fifty day simple moving average is $24.59 and its 200 day simple moving average is $24.68.

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.