RFG Advisory LLC lifted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,288 shares of the company’s stock after buying an additional 44,157 shares during the quarter. RFG Advisory LLC owned approximately 0.65% of Franklin Dynamic Municipal Bond ETF worth $15,436,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 0.8% during the fourth quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock valued at $1,385,000 after acquiring an additional 427 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Franklin Dynamic Municipal Bond ETF by 5.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 16,938 shares of the company’s stock worth $421,000 after purchasing an additional 829 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 2.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after purchasing an additional 891 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 8.1% in the 2nd quarter. Baird Financial Group Inc. now owns 11,895 shares of the company’s stock valued at $299,000 after purchasing an additional 895 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 6.2% in the 1st quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock valued at $381,000 after purchasing an additional 900 shares during the period.
Franklin Dynamic Municipal Bond ETF Stock Performance
FLMI opened at $24.22 on Wednesday. Franklin Dynamic Municipal Bond ETF has a one year low of $24.18 and a one year high of $25.46. The company has a fifty day moving average price of $24.71 and a 200-day moving average price of $24.89.
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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