Stratos Wealth Advisors LLC Purchases 3,779 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Stratos Wealth Advisors LLC boosted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,324 shares of the company’s stock after purchasing an additional 3,779 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.27% of Franklin Dynamic Municipal Bond ETF worth $2,021,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FLMI. Ameritas Advisory Services LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth $30,000. SouthState Corp bought a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth $84,000. NewEdge Advisors LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth $100,000. ORG Partners LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth $122,000. Finally, IFP Advisors Inc raised its holdings in Franklin Dynamic Municipal Bond ETF by 44.6% in the first quarter. IFP Advisors Inc now owns 5,971 shares of the company’s stock worth $146,000 after purchasing an additional 1,841 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI opened at $24.93 on Friday. The stock has a fifty day simple moving average of $24.50 and a two-hundred day simple moving average of $24.23. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.05 and a 12-month high of $25.38.

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.