Franklin Dynamic Municipal Bond ETF $FLMI Shares Newly Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,189 shares of the company’s stock, valued at approximately $681,000.

Several other large investors have also added to or reduced their stakes in FLMI. Baird Financial Group Inc. boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 8.1% in the second quarter. Baird Financial Group Inc. now owns 11,895 shares of the company’s stock valued at $299,000 after purchasing an additional 895 shares during the period. International Assets Investment Management LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 6.2% in the first quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock worth $381,000 after purchasing an additional 900 shares in the last quarter. Winebrenner Capital Management LLC raised its position in Franklin Dynamic Municipal Bond ETF by 8.6% in the third quarter. Winebrenner Capital Management LLC now owns 13,032 shares of the company’s stock worth $304,000 after purchasing an additional 1,032 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $42,000. Finally, Victory Financial Group LLC increased its holdings in Franklin Dynamic Municipal Bond ETF by 18.2% during the 3rd quarter. Victory Financial Group LLC now owns 11,013 shares of the company’s stock worth $257,000 after purchasing an additional 1,694 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Up 0.4%

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.38 on Friday. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.04 and a 1-year high of $25.46. The company has a 50 day moving average of $23.79 and a 200-day moving average of $24.67.

Franklin Dynamic Municipal Bond ETF 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.