Retirement Planning Group LLC Grows Stock Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

Retirement Planning Group LLC raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 32.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,217 shares of the company’s stock after buying an additional 42,916 shares during the period. Retirement Planning Group LLC owned approximately 0.23% of Franklin Dynamic Municipal Bond ETF worth $4,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $25,000. Rockefeller Capital Management L.P. acquired a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $42,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth $44,000. Greenline Wealth Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Franklin Dynamic Municipal Bond ETF stock opened at $24.98 on Tuesday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.46. The stock’s fifty day moving average is $24.99 and its two-hundred day moving average is $25.01.

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.