Sanctuary Advisors LLC Grows Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

Sanctuary Advisors LLC raised its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,830 shares of the company’s stock after acquiring an additional 113,491 shares during the quarter. Sanctuary Advisors LLC owned 1.00% of Franklin Dynamic Municipal Bond ETF worth $19,431,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at $25,000. Rockefeller Capital Management L.P. purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $42,000. BOKF NA purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $44,000. Greenline Wealth Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth $62,000.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $24.97 on Thursday. The firm has a 50-day moving average of $24.99 and a two-hundred day moving average of $25.02. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.94 and a 1-year high of $25.46.

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.