Lido Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 54,252 shares of the company’s stock, valued at approximately $1,345,000. Lido Advisors LLC owned about 0.07% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in Franklin Dynamic Municipal Bond ETF by 395.3% during the first quarter. Geneos Wealth Management Inc. now owns 73,100 shares of the company’s stock worth $1,812,000 after buying an additional 58,340 shares during the last quarter. Penney Financial LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 240.3% in the fourth quarter. Penney Financial LLC now owns 260,442 shares of the company’s stock worth $6,477,000 after acquiring an additional 183,905 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 201.2% in the 4th quarter. HighTower Advisors LLC now owns 102,173 shares of the company’s stock worth $2,541,000 after purchasing an additional 68,249 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $632,000. Finally, MMA Asset Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $757,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.3%
Shares of NYSEARCA:FLMI opened at $24.72 on Tuesday. The business’s 50 day moving average is $24.98 and its 200 day moving average is $25.01. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.98 and a 12-month high of $25.46.
Franklin Dynamic Municipal Bond ETF Company 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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