Patriot Financial Group Insurance Agency LLC grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 115.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,464 shares of the company’s stock after purchasing an additional 113,923 shares during the period. Patriot Financial Group Insurance Agency LLC owned about 0.27% of Franklin Dynamic Municipal Bond ETF worth $5,267,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FLMI. NewEdge Advisors LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at approximately $100,000. Jane Street Group LLC raised its position in Franklin Dynamic Municipal Bond ETF by 37.2% during 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 Franklin Dynamic Municipal Bond ETF in the second quarter valued at approximately $1,982,000. Raymond James Financial Inc. lifted its stake in 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 during the last quarter. Finally, Ameriprise Financial Inc. grew its position in 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 worth $25,683,000 after acquiring an additional 309,775 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Price Performance
FLMI stock opened at $25.13 on Friday. The firm has a 50 day moving average of $24.98 and a two-hundred day moving average of $24.99. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.94 and a 12 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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