JPMorgan Chase & Co. boosted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 235,496 shares of the company’s stock after acquiring an additional 6,862 shares during the quarter. JPMorgan Chase & Co. owned 2.79% of Franklin Dynamic Municipal Bond ETF worth $5,754,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $192,000. D.A. Davidson & CO. purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $207,000. Latitude Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth about $210,000. Acorn Wealth Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $240,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at approximately $244,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.1 %
Shares of NYSEARCA:FLMI opened at $23.89 on Friday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.38. The business’s 50 day moving average price is $24.42 and its 200-day moving average price is $24.58.
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.
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