Beacon Bridge Wealth Partners LLC Purchases New Shares in Franklin Dynamic Municipal Bond ETF $FLMI

Beacon Bridge Wealth Partners LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 153,791 shares of the company’s stock, valued at approximately $3,825,000. Franklin Dynamic Municipal Bond ETF comprises about 1.3% of Beacon Bridge Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Beacon Bridge Wealth Partners LLC owned approximately 0.25% of Franklin Dynamic Municipal Bond ETF at the end of the most recent reporting period.

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

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI opened at $25.01 on Monday. The company’s 50 day moving average is $25.05 and its 200-day moving average is $24.96. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.65 and a 12-month high of $25.46.

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.