American Financial & Tax Strategies Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,403 shares of the company’s stock after purchasing an additional 3,328 shares during the period. Franklin Dynamic Municipal Bond ETF makes up about 1.8% of American Financial & Tax Strategies Inc.’s portfolio, making the stock its 19th biggest holding. American Financial & Tax Strategies Inc. owned about 1.64% of Franklin Dynamic Municipal Bond ETF worth $3,377,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLMI. Creekmur Asset Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $53,000. GAMMA Investing LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 1st quarter worth approximately $56,000. Pineridge Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $135,000. International Assets Investment Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth $204,000. Finally, RFG Advisory LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the first quarter valued at $260,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of NYSEARCA:FLMI opened at $24.87 on Friday. The business has a 50-day moving average price of $24.67 and a 200-day moving average price of $24.44. Franklin Dynamic Municipal Bond ETF has a 52-week low of $22.50 and a 52-week high of $25.94.
Franklin Dynamic Municipal Bond ETF Company 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.
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