Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,004 shares of the company’s stock after selling 3,027 shares during the quarter. Financial Advocates Investment Management owned 0.54% of Franklin Dynamic Municipal Bond ETF worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the second quarter valued at approximately $204,000. CWM LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 592.5% during the third quarter. CWM LLC now owns 10,007 shares of the company’s stock worth $250,000 after purchasing an additional 8,562 shares during the period. Avantax Advisory Services Inc. purchased a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth approximately $275,000. TrueWealth Advisors LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 48.3% during the second quarter. TrueWealth Advisors LLC now owns 12,719 shares of the company’s stock worth $310,000 after purchasing an additional 4,143 shares during the period. Finally, Cetera Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth approximately $408,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.3 %

NYSEARCA:FLMI opened at $24.53 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $22.61 and a fifty-two week high of $25.50. The firm’s 50 day moving average is $24.83 and its two-hundred day moving average is $24.56.

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.