Leeward Financial Partners LLC Raises Position in Franklin Dynamic Municipal Bond ETF $FLMI

Leeward Financial Partners LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 31.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,698 shares of the company’s stock after purchasing an additional 21,809 shares during the period. Leeward Financial Partners LLC owned approximately 0.21% of Franklin Dynamic Municipal Bond ETF worth $2,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at $60,000. NewEdge Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth approximately $100,000. SouthState Corp lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 31.2% in the second quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after acquiring an additional 1,078 shares in the last quarter. Howard Wealth Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $205,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at $206,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI opened at $25.17 on Thursday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.46. The company’s 50 day moving average price is $25.11 and its 200 day moving average price is $24.86.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.0748 per share. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a 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.