RFG Advisory LLC Has $14.11 Million Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

RFG Advisory LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 569,131 shares of the company’s stock after acquiring an additional 24,376 shares during the period. RFG Advisory LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $14,109,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FLMI. Certified Advisory Corp lifted its holdings in Franklin Dynamic Municipal Bond ETF by 40.1% in the 1st quarter. Certified Advisory Corp now owns 152,645 shares of the company’s stock worth $3,784,000 after purchasing an additional 43,721 shares during the last quarter. Prentice Wealth Management LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 11.2% during the first quarter. Prentice Wealth Management LLC now owns 289,218 shares of the company’s stock worth $7,170,000 after purchasing an additional 29,070 shares during the period. Total Clarity Wealth Management Inc. grew its holdings in Franklin Dynamic Municipal Bond ETF by 20.1% during the first quarter. Total Clarity Wealth Management Inc. now owns 100,206 shares of the company’s stock valued at $2,484,000 after purchasing an additional 16,798 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Franklin Dynamic Municipal Bond ETF by 10.4% during the first quarter. AdvisorNet Financial Inc now owns 85,555 shares of the company’s stock valued at $2,121,000 after purchasing an additional 8,048 shares during the last quarter. Finally, Ocean Park Asset Management LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 307.0% in the first quarter. Ocean Park Asset Management LLC now owns 351,200 shares of the company’s stock valued at $8,706,000 after purchasing an additional 264,900 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $25.10 on Thursday. The firm has a fifty day simple moving average of $24.97 and a 200-day simple moving average of $24.99. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.94 and a 1-year high of $25.46.

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.