DAVENPORT & Co LLC Invests $200,000 in Franklin Dynamic Municipal Bond ETF $FLMI

DAVENPORT & Co LLC bought a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,253 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 19.0% in the first quarter. LPL Financial LLC now owns 3,084,460 shares of the company’s stock worth $75,384,000 after acquiring an additional 493,257 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 5.2% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,166,091 shares of the company’s stock worth $52,549,000 after acquiring an additional 106,403 shares during the last quarter. Central Bank & Trust Co. grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 0.3% in the second quarter. Central Bank & Trust Co. now owns 741,931 shares of the company’s stock worth $17,999,000 after acquiring an additional 2,149 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 24.5% in the first quarter. Raymond James Financial Inc. now owns 597,975 shares of the company’s stock worth $14,615,000 after acquiring an additional 117,811 shares during the last quarter. Finally, Legacy CG LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth $11,929,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.5%

Shares of NYSEARCA:FLMI opened at $24.85 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.38. The stock’s fifty day moving average price is $24.44 and its 200-day moving average price is $24.21.

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.