Envestnet Asset Management Inc. Sells 3,982 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Envestnet Asset Management Inc. lowered its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,360 shares of the company’s stock after selling 3,982 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.32% of Franklin Dynamic Municipal Bond ETF worth $669,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FLMI. LPL Financial LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 143.8% during the 4th quarter. LPL Financial LLC now owns 2,591,203 shares of the company’s stock worth $63,316,000 after purchasing an additional 1,528,430 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $11,733,000. Independent Advisor Alliance bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $3,624,000. Ocean Park Asset Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $2,891,000. Finally, Abound Financial LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $2,873,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.09 on Friday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.05 and a 52-week high of $25.38. The stock’s 50-day simple moving average is $24.29 and its 200 day simple moving average is $24.51.

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.