Abound Financial LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 117,565 shares of the company’s stock, valued at approximately $2,873,000. Franklin Dynamic Municipal Bond ETF makes up about 1.5% of Abound Financial LLC’s investment portfolio, making the stock its 14th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $207,000. Latitude Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $210,000. Sigma Planning Corp bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $238,000. Atria Wealth Solutions Inc. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $244,000. Finally, International Assets Investment Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $349,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.4 %
Shares of FLMI stock opened at $24.69 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $24.06 and a one year high of $25.38. The company’s 50-day simple moving average is $24.51 and its 200-day simple moving average is $24.69.
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.
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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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