Patriot Financial Group Insurance Agency LLC Acquires Shares of 71,356 Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 71,356 shares of the company’s stock, valued at approximately $1,731,000.

Other large investors have also recently made changes to their positions in the company. UBS Group AG bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $27,000. VitalStone Financial LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $30,000. Advisor Group Holdings Inc. grew its position in Franklin Dynamic Municipal Bond ETF by 13.3% during the first quarter. Advisor Group Holdings Inc. now owns 5,075 shares of the company’s stock valued at $126,000 after buying an additional 596 shares during the period. Steward Partners Investment Advisory LLC grew its position in Franklin Dynamic Municipal Bond ETF by 73.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,231 shares of the company’s stock valued at $173,000 after buying an additional 3,062 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at approximately $205,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI traded up $0.11 during trading hours on Friday, hitting $24.53. 46,276 shares of the company’s stock traded hands, compared to its average volume of 53,347. The business’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $23.74. Franklin Dynamic Municipal Bond ETF has a 52 week low of $22.50 and a 52 week high of $25.94.

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.