Acorn Wealth Advisors LLC Acquires Shares of 9,833 Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Acorn Wealth Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,833 shares of the company’s stock, valued at approximately $240,000. Acorn Wealth Advisors LLC owned 0.12% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock valued at $5,718,000 after purchasing an additional 18,867 shares in the last quarter. Stifel Financial Corp grew its holdings in 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 valued at $611,000 after purchasing an additional 13,281 shares during the period. Atria Investments Inc increased its position in shares of Franklin Dynamic Municipal Bond ETF by 13.2% in the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock valued at $423,000 after buying an additional 1,974 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 80.5% during the 3rd quarter. Private Advisor Group LLC now owns 72,359 shares of the company’s stock worth $1,810,000 after buying an additional 32,275 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 57.6% during the 4th quarter. GAMMA Investing LLC now owns 63,401 shares of the company’s stock valued at $1,549,000 after buying an additional 23,174 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Franklin Dynamic Municipal Bond ETF stock opened at $24.82 on Wednesday. The company’s fifty day moving average price is $24.52 and its 200 day moving average price is $24.70. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.06 and a 1 year high of $25.38.

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.