Financial Advocates Investment Management Has $1.11 Million Stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Financial Advocates Investment Management lowered its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,544 shares of the company’s stock after selling 460 shares during the period. Financial Advocates Investment Management’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Econ Financial Services Corp bought a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at about $774,000. Secure Asset Management LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 11.0% during the fourth quarter. Secure Asset Management LLC now owns 32,593 shares of the company’s stock valued at $796,000 after purchasing an additional 3,227 shares during the period. Cedar Point Capital Partners LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 5.3% in the fourth quarter. Cedar Point Capital Partners LLC now owns 38,363 shares of the company’s stock valued at $937,000 after purchasing an additional 1,936 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 45.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,187 shares of the company’s stock worth $469,000 after purchasing an additional 5,997 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Franklin Dynamic Municipal Bond ETF by 23.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 38,556 shares of the company’s stock worth $942,000 after purchasing an additional 7,209 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.60 on Friday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38. The company’s fifty day moving average price is $24.58 and its two-hundred day moving average price is $24.70.

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.