Midwest Financial Partners Investments Inc. acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 441,555 shares of the company’s stock, valued at approximately $10,981,000. Franklin Dynamic Municipal Bond ETF accounts for approximately 6.1% of Midwest Financial Partners Investments Inc.’s portfolio, making the stock its 5th biggest holding. Midwest Financial Partners Investments Inc. owned about 0.67% of Franklin Dynamic Municipal Bond ETF at the end of the most recent reporting period.
Several other large investors have also modified their holdings of FLMI. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $25,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $62,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $63,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $100,000.
Franklin Dynamic Municipal Bond ETF Price Performance
NYSEARCA FLMI opened at $24.76 on Friday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.93 and a 52-week high of $25.46. The business’s 50-day moving average price is $24.89 and its 200 day moving average price is $24.97.
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.
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