Smart Money Group LLC Purchases Shares of 24,770 Franklin Dynamic Municipal Bond ETF $FLMI

Smart Money Group LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 24,770 shares of the company’s stock, valued at approximately $614,000.

Several other institutional investors have also recently modified their holdings of FLMI. Osaic Holdings Inc. boosted its position in 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 acquiring an additional 252,383 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 206,884 shares of the company’s stock worth $5,125,000 after purchasing an additional 44,792 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 11.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 208,084 shares of the company’s stock worth $5,154,000 after purchasing an additional 21,735 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 4.9% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,272,212 shares of the company’s stock worth $56,283,000 after purchasing an additional 106,121 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at $60,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

Franklin Dynamic Municipal Bond ETF stock opened at $25.45 on Monday. The stock has a fifty day moving average price of $25.09 and a 200 day moving average price of $24.84. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.46.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.0748 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, March 2nd.

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.