Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Bought by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,487 shares of the company’s stock after buying an additional 4,473 shares during the quarter. Franklin Dynamic Municipal Bond ETF accounts for approximately 1.8% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 14th biggest holding. ShoreHaven Wealth Partners LLC owned 1.80% of Franklin Dynamic Municipal Bond ETF worth $3,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladstone Institutional Advisory LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 30.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 22,191 shares of the company’s stock valued at $542,000 after purchasing an additional 5,129 shares during the last quarter. Latitude Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $210,000. Essex Financial Services Inc. grew its holdings in Franklin Dynamic Municipal Bond ETF by 1.8% during the 4th quarter. Essex Financial Services Inc. now owns 25,928 shares of the company’s stock valued at $634,000 after buying an additional 466 shares during the last quarter. Ocean Park Asset Management LLC purchased a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $2,891,000. Finally, Kestra Private Wealth Services LLC increased its position in Franklin Dynamic Municipal Bond ETF by 12.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 284,843 shares of the company’s stock worth $6,960,000 after buying an additional 30,718 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA:FLMI opened at $24.56 on Friday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38. The stock’s fifty day simple moving average is $24.55 and its 200-day simple moving average is $24.70.

Franklin Dynamic Municipal Bond ETF Company 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.