Landmark Wealth Management LLC trimmed its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,818 shares of the company’s stock after selling 4,380 shares during the quarter. Landmark Wealth Management LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $869,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at about $50,339,000. LPL Financial LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 19.0% during the 1st quarter. LPL Financial LLC now owns 3,084,460 shares of the company’s stock valued at $75,384,000 after acquiring an additional 493,257 shares during the last quarter. Legacy CG LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter valued at approximately $11,929,000. BlueStem Wealth Partners LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter valued at approximately $10,255,000. Finally, Asio Capital LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the second quarter valued at approximately $5,902,000.
Franklin Dynamic Municipal Bond ETF Trading Up 0.1%
Shares of FLMI stock opened at $24.72 on Friday. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.38. The business’s 50 day moving average is $24.43 and its two-hundred day moving average is $24.21.
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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