New England Private Wealth Advisors LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 454.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,876 shares of the company’s stock after purchasing an additional 431,051 shares during the period. Franklin Dynamic Municipal Bond ETF makes up about 1.6% of New England Private Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. New England Private Wealth Advisors LLC owned 0.80% of Franklin Dynamic Municipal Bond ETF worth $13,079,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $25,000. BOKF NA acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $63,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the first quarter worth $100,000.
Franklin Dynamic Municipal Bond ETF Stock Down 0.1%
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $25.02 on Friday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.94 and a 12-month high of $25.46. The stock’s fifty day moving average is $24.94 and its 200-day moving average is $24.98.
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.
Further Reading
- Five stocks we like better than Franklin Dynamic Municipal Bond ETF
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
Receive News & Ratings for Franklin Dynamic Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Dynamic Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
