WCG Wealth Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 25,412 shares of the company’s stock, valued at approximately $632,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLMI. Allworth Financial LP acquired a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth about $25,000. BOKF NA acquired a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth about $44,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth about $62,000. Mpwm Advisory Solutions LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth about $63,000. Finally, NewEdge Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth about $100,000.
Franklin Dynamic Municipal Bond ETF Trading Down 0.1%
Shares of FLMI stock opened at $25.03 on Friday. The stock has a 50-day moving average price of $24.91 and a 200 day moving average price of $24.98. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.94 and a 12 month high of $25.46.
About Franklin Dynamic Municipal Bond ETF
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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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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