Midwest Financial Partners Investments Inc. Purchases 26,970 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Midwest Financial Partners Investments Inc. grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 6.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 468,525 shares of the company’s stock after buying an additional 26,970 shares during the period. Franklin Dynamic Municipal Bond ETF makes up 6.2% of Midwest Financial Partners Investments Inc.’s portfolio, making the stock its 6th largest position. Midwest Financial Partners Investments Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $11,615,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Penney Financial LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 12.5% during the first quarter. Penney Financial LLC now owns 293,015 shares of the company’s stock worth $7,264,000 after acquiring an additional 32,573 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 115.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 212,464 shares of the company’s stock worth $5,267,000 after acquiring an additional 113,923 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 24.9% during the first quarter. Janney Montgomery Scott LLC now owns 88,050 shares of the company’s stock worth $2,183,000 after purchasing an additional 17,572 shares during the period. Madrid Wealth Management LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 13.6% during the first quarter. Madrid Wealth Management LLC now owns 104,702 shares of the company’s stock worth $2,596,000 after purchasing an additional 12,552 shares during the period. Finally, Sequent Planning LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 44.3% during the 1st quarter. Sequent Planning LLC now owns 117,826 shares of the company’s stock valued at $2,921,000 after purchasing an additional 36,174 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of FLMI opened at $25.17 on Tuesday. The stock has a 50 day simple moving average of $24.98 and a 200 day simple moving average of $25.00. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.94 and a 52-week 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.