Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Reaches New 52-Week High – Should You Buy?

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) shares hit a new 52-week high during trading on Monday . The company traded as high as $25.04 and last traded at $25.0150, with a volume of 37440 shares trading hands. The stock had previously closed at $25.01.

Franklin Dynamic Municipal Bond ETF Stock Down 0.0%

The stock has a 50 day moving average price of $24.88 and a 200 day moving average price of $24.58.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 192.0% in the second quarter. Osaic Holdings Inc. now owns 383,845 shares of the company’s stock worth $9,312,000 after buying an additional 252,383 shares during the period. Prentice Wealth Management LLC raised its position in Franklin Dynamic Municipal Bond ETF by 11.7% during the third quarter. Prentice Wealth Management LLC now owns 208,084 shares of the company’s stock valued at $5,154,000 after buying an additional 21,735 shares during the period. Janney Montgomery Scott LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 20.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock worth $1,593,000 after acquiring an additional 11,078 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 4.9% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,272,212 shares of the company’s stock worth $56,283,000 after acquiring an additional 106,121 shares during the period. Finally, Truist Financial Corp boosted its position in Franklin Dynamic Municipal Bond ETF by 56.1% during the 2nd quarter. Truist Financial Corp now owns 62,084 shares of the company’s stock worth $1,506,000 after acquiring an additional 22,302 shares during the period.

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.