Orion Portfolio Solutions LLC Has $1.42 Million Holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Orion Portfolio Solutions LLC lessened its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMIFree Report) by 36.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,701 shares of the company’s stock after selling 33,813 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 1.26% of Franklin Dynamic Municipal Bond ETF worth $1,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $2,146,000. Financial Advocates Investment Management grew its position in shares of Franklin Dynamic Municipal Bond ETF by 16.3% during the 4th quarter. Financial Advocates Investment Management now owns 37,813 shares of the company’s stock worth $917,000 after buying an additional 5,289 shares during the period. Collaborative Wealth Managment Inc. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 23.2% during the 4th quarter. Collaborative Wealth Managment Inc. now owns 12,915 shares of the company’s stock worth $313,000 after buying an additional 2,434 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $459,000. Finally, Essex Financial Services Inc. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $313,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.1 %

Shares of FLMI stock opened at $24.22 on Friday. Franklin Dynamic Municipal Bond ETF has a 52 week low of $22.50 and a 52 week high of $25.94. The firm has a 50 day moving average of $24.26 and a 200-day moving average of $24.16.

Franklin Dynamic Municipal Bond ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

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