Janney Montgomery Scott LLC Has $1.59 Million Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

Janney Montgomery Scott LLC raised its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 20.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,657 shares of the company’s stock after buying an additional 11,078 shares during the quarter. Janney Montgomery Scott LLC owned 0.21% of Franklin Dynamic Municipal Bond ETF worth $1,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLMI. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at approximately $50,339,000. Prentice Wealth Management LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 82.9% in the 1st quarter. Prentice Wealth Management LLC now owns 128,548 shares of the company’s stock worth $3,142,000 after acquiring an additional 58,283 shares during the period. ORG Partners LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $122,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 24.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 139,582 shares of the company’s stock worth $3,411,000 after acquiring an additional 27,036 shares during the period. Finally, Embree Financial Group bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $699,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.1%

Shares of FLMI stock opened at $24.72 on Friday. The stock has a 50 day moving average of $24.43 and a two-hundred day moving average of $24.21. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.38.

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.