Cliftonlarsonallen Wealth Advisors LLC Grows Position in Franklin Dynamic Municipal Bond ETF $FLMI

Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,366,025 shares of the company’s stock after purchasing an additional 93,813 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up approximately 0.9% of Cliftonlarsonallen Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. Cliftonlarsonallen Wealth Advisors LLC owned 3.96% of Franklin Dynamic Municipal Bond ETF worth $58,843,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $25,000. BOKF NA purchased a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth $44,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth $62,000. Mpwm Advisory Solutions LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the third quarter worth $63,000. Finally, NewEdge Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth $100,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.3%

Shares of FLMI stock opened at $24.92 on Thursday. The stock has a fifty day moving average of $25.07 and a 200 day moving average of $24.95. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.46.

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.