Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Reaches New 52-Week Low – Should You Sell?

Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMIGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.18 and last traded at $24.1650, with a volume of 103878 shares. The stock had previously closed at $24.22.

Franklin Dynamic Municipal Bond ETF Price Performance

The stock has a 50-day moving average price of $24.71 and a 200 day moving average price of $24.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLMI. Geneos Wealth Management Inc. increased its holdings in Franklin Dynamic Municipal Bond ETF by 395.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 73,100 shares of the company’s stock worth $1,812,000 after purchasing an additional 58,340 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 201.2% during the 4th quarter. HighTower Advisors LLC now owns 102,173 shares of the company’s stock valued at $2,541,000 after buying an additional 68,249 shares during the last quarter. WCG Wealth Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth approximately $632,000. Sequent Planning LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 53.6% in the fourth quarter. Sequent Planning LLC now owns 81,652 shares of the company’s stock worth $2,031,000 after buying an additional 28,497 shares during the last quarter. Finally, Midwest Financial Partners Investments Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $10,981,000.

About Franklin Dynamic Municipal Bond ETF

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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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