Smartleaf Asset Management LLC Takes $2.20 Million Position in Franklin Dynamic Municipal Bond ETF $FLMI

Smartleaf Asset Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 88,941 shares of the company’s stock, valued at approximately $2,198,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLMI. Cetera Investment Advisers lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 227.7% in the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock valued at $16,480,000 after buying an additional 472,025 shares during the period. Truist Financial Corp grew its position in Franklin Dynamic Municipal Bond ETF by 638.9% in the third quarter. Truist Financial Corp now owns 458,768 shares of the company’s stock worth $11,364,000 after buying an additional 396,684 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 1,039.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock valued at $10,030,000 after acquiring an additional 377,170 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock worth $25,683,000 after acquiring an additional 309,775 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 192.0% during the second quarter. Osaic Holdings Inc. now owns 383,845 shares of the company’s stock worth $9,312,000 after purchasing an additional 252,383 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

NYSEARCA:FLMI opened at $25.15 on Monday. The stock has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $24.71. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.17.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.0762 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. This is an increase from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

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.