Northwestern Mutual Wealth Management Co. increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 2,742.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,816 shares of the company’s stock after acquiring an additional 68,325 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,761,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of FLMI. NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at $100,000. Jane Street Group LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 37.2% in the first quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock valued at $1,107,000 after acquiring an additional 12,284 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at $1,982,000. Raymond James Financial Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 38.2% in the second quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock valued at $20,052,000 after acquiring an additional 228,569 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after acquiring an additional 309,775 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Trading Down 0.1%
Shares of NYSEARCA FLMI opened at $25.03 on Friday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.94 and a 12-month high of $25.46. The business’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $24.98.
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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