Geneos Wealth Management Inc. raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 395.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,100 shares of the company’s stock after purchasing an additional 58,340 shares during the quarter. Geneos Wealth Management Inc. owned 0.09% of Franklin Dynamic Municipal Bond ETF worth $1,812,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $25,000. Rockefeller Capital Management L.P. purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $42,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $44,000. Greenline Wealth Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $62,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.92 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.94 and a one year high of $25.46. The firm has a fifty day moving average of $24.99 and a two-hundred day moving average of $25.02.
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.
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