Financial Advocates Investment Management Sells 3,027 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Financial Advocates Investment Management trimmed its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 6.2% during the third quarter, HoldingsChannel.com reports. The fund owned 46,004 shares of the company’s stock after selling 3,027 shares during the period. Financial Advocates Investment Management’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,151,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FLMI. International Assets Investment Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at approximately $204,000. CWM LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 592.5% in the third quarter. CWM LLC now owns 10,007 shares of the company’s stock valued at $250,000 after buying an additional 8,562 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth $275,000. TrueWealth Advisors LLC boosted its position 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 bought a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth $408,000.

Franklin Dynamic Municipal Bond ETF Price Performance

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 stock has a fifty day moving average of $24.83 and a 200-day moving average of $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.