Western Wealth Management LLC Invests $562,000 in Franklin Dynamic Municipal Bond ETF $FLMI

Western Wealth Management LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,703 shares of the company’s stock, valued at approximately $562,000. Western Wealth Management LLC owned approximately 0.05% of Franklin Dynamic Municipal Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FLMI. Ameritas Advisory Services LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth $30,000. Assetmark Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth about $60,000. NewEdge Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth about $100,000. SouthState Corp lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 31.2% in the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Howard Wealth Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $205,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $25.21 on Thursday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.24. The business’s 50 day simple moving average is $24.96 and its two-hundred day simple moving average is $24.73.

Franklin Dynamic Municipal Bond ETF Increases Dividend

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

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.