Elequin Capital LP Makes New $1.07 Million Investment in Franklin Dynamic Municipal Bond ETF $FLMI

Elequin Capital LP bought a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 43,243 shares of the company’s stock, valued at approximately $1,071,000. Elequin Capital LP owned 0.10% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FLMI. BOKF NA bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $44,000. Mpwm Advisory Solutions LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $63,000. NewEdge Advisors LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth approximately $100,000. Assetmark Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF by 97.1% during the third quarter. Assetmark Inc. now owns 4,857 shares of the company’s stock worth $120,000 after buying an additional 2,393 shares during the period. Finally, Comerica Bank lifted its holdings in Franklin Dynamic Municipal Bond ETF by 119.8% during the third quarter. Comerica Bank now owns 6,857 shares of the company’s stock worth $170,000 after buying an additional 3,737 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Up 0.2%

Shares of NYSEARCA FLMI opened at $25.00 on Friday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.05 and a 12-month high of $25.46. The stock’s fifty day simple moving average is $25.14 and its two-hundred day simple moving average is $24.91.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0748 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Franklin Dynamic Municipal Bond ETF 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.