Provenance Wealth Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,879 shares of the company’s stock, valued at approximately $1,023,000.
Several other hedge funds have also modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $127,184,000. Bank of America Corp DE boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 99.1% in the 1st quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after purchasing an additional 1,345,211 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the second quarter worth about $21,022,000. Central Bank & Trust Co. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $19,164,000. Finally, Meeder Advisory Services Inc. boosted its stake in Franklin Dynamic Municipal Bond ETF by 25.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after purchasing an additional 473,020 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.18 on Thursday. The firm’s 50 day simple moving average is $23.80 and its two-hundred day simple moving average is $24.67. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.04 and a 12-month high of $25.46.
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.
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