Envestnet Asset Management Inc. Boosts Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Envestnet Asset Management Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 54.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,081 shares of the company’s stock after acquiring an additional 85,022 shares during the quarter. Envestnet Asset Management Inc. owned 0.55% of Franklin Dynamic Municipal Bond ETF worth $5,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Assetmark Inc. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth approximately $60,000. NewEdge Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $100,000. SouthState Corp grew its stake in Franklin Dynamic Municipal Bond ETF by 31.2% in the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after buying an additional 1,078 shares in the last quarter. Howard Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth $205,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at $206,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.1%

NYSEARCA FLMI opened at $25.35 on Friday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.05 and a 52-week high of $25.35. The company has a fifty day moving average of $25.03 and a 200-day moving average of $24.79.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0762 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. This is an increase from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07.

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.