Osaic Holdings Inc. Raises Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Osaic Holdings Inc. increased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 192.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,845 shares of the company’s stock after acquiring an additional 252,383 shares during the period. Osaic Holdings Inc. owned approximately 1.17% of Franklin Dynamic Municipal Bond ETF worth $9,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 20.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock worth $1,593,000 after purchasing an additional 11,078 shares during the last quarter. Assetmark Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at about $60,000. Cetera Investment Advisers raised its holdings in Franklin Dynamic Municipal Bond ETF by 227.7% in the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock worth $16,480,000 after buying an additional 472,025 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth approximately $200,000. Finally, AE Wealth Management LLC grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 47.1% during the second quarter. AE Wealth Management LLC now owns 13,032 shares of the company’s stock valued at $316,000 after buying an additional 4,172 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI opened at $24.82 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.04. The firm has a 50 day moving average of $24.90 and a 200 day moving average of $24.50.

Franklin Dynamic Municipal Bond ETF 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.