One Degree Advisors Inc boosted its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 27.1% in the fourth quarter, HoldingsChannel reports. The firm owned 120,667 shares of the company’s stock after purchasing an additional 25,741 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up approximately 0.8% of One Degree Advisors Inc’s holdings, making the stock its 25th largest holding. One Degree Advisors Inc’s holdings in Franklin Dynamic Municipal Bond ETF were worth $3,000,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $25,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. bought a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $62,000. Mpwm Advisory Solutions LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $63,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $100,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.1%
FLMI opened at $24.76 on Friday. The business’s 50 day moving average is $24.89 and its 200-day moving average is $24.97. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.93 and a twelve 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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