LPL Financial LLC Boosts Stock Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

LPL Financial LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 286,782 shares of the company’s stock after purchasing an additional 61,567 shares during the period. LPL Financial LLC owned about 6.75% of Franklin Dynamic Municipal Bond ETF worth $6,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FLMI. UBS Group AG purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth $27,000. Advisor Group Holdings Inc. boosted its position in Franklin Dynamic Municipal Bond ETF by 13.3% in the first quarter. Advisor Group Holdings Inc. now owns 5,075 shares of the company’s stock worth $126,000 after purchasing an additional 596 shares during the last quarter. OLD Mission Capital LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $164,000. Cetera Investment Advisers purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $205,000. Finally, Lion Street Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at $219,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI opened at $23.64 on Thursday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $22.41 and a fifty-two week high of $25.74. The business has a 50-day moving average of $23.76 and a 200 day moving average of $23.78.

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.