Oppenheimer & Co. Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,835 shares of the company’s stock, valued at approximately $509,000.
Several other hedge funds have also bought and sold shares of FLMI. Rockefeller Capital Management L.P. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $42,000. Legacy Wealth Managment LLC ID raised its stake in Franklin Dynamic Municipal Bond ETF by 704.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock worth $71,000 after acquiring an additional 2,495 shares during the period. Triumph Capital Management bought a new stake in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $82,000. Richards Merrill & Peterson Inc. purchased a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $117,000. Finally, Arkadios Wealth Advisors purchased a new position in Franklin Dynamic Municipal Bond ETF during the first quarter valued at approximately $211,000.
Franklin Dynamic Municipal Bond ETF Price Performance
Shares of NYSEARCA FLMI opened at $24.29 on Friday. The firm has a fifty day moving average price of $23.80 and a 200-day moving average price of $24.67. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.04 and a 1 year high of $25.46.
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.
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