148,314 Shares in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Purchased by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 148,314 shares of the company’s stock, valued at approximately $3,624,000. Independent Advisor Alliance owned about 1.76% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FLMI. JPMorgan Chase & Co. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock worth $5,718,000 after purchasing an additional 18,867 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 119.1% in the third quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock worth $611,000 after purchasing an additional 13,281 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $207,000. Atria Wealth Solutions Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $244,000. Finally, Truist Financial Corp increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 20.2% in the fourth quarter. Truist Financial Corp now owns 28,603 shares of the company’s stock worth $699,000 after purchasing an additional 4,803 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.5 %

FLMI opened at $24.55 on Thursday. The firm has a 50-day moving average price of $24.57 and a 200-day moving average price of $24.70. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.06 and a twelve month high of $25.38.

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.