Meeder Advisory Services Inc. Has $58.65 Million Stock Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

Meeder Advisory Services Inc. increased its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,365,948 shares of the company’s stock after acquiring an additional 473,020 shares during the quarter. Franklin Dynamic Municipal Bond ETF comprises about 2.5% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 8th biggest position. Meeder Advisory Services Inc. owned about 3.02% of Franklin Dynamic Municipal Bond ETF worth $58,652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 27.4% during the 4th quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock worth $119,541,000 after purchasing an additional 1,034,603 shares during the last quarter. Ameriprise Financial Inc. increased its position in Franklin Dynamic Municipal Bond ETF by 93.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after buying an additional 987,594 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock worth $38,075,000 after buying an additional 660,284 shares during the last quarter. Midwest Financial Partners Investments Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $10,981,000. Finally, New England Private Wealth Advisors LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 454.6% in the fourth quarter. New England Private Wealth Advisors LLC now owns 525,876 shares of the company’s stock worth $13,079,000 after acquiring an additional 431,051 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI stock opened at $24.92 on Monday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.94 and a 1 year high of $25.46. The firm’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $25.02.

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.