Legacy Financial Advisors Inc. Boosts Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

Legacy Financial Advisors Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 17.2% in the second quarter, HoldingsChannel reports. The fund owned 222,089 shares of the company’s stock after buying an additional 32,515 shares during the period. Franklin Dynamic Municipal Bond ETF makes up 0.7% of Legacy Financial Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Legacy Financial Advisors Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $5,590,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FLMI. Bank of America Corp DE grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 99.1% during the first quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock valued at $67,014,000 after buying an additional 1,345,211 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.4% in the 4th quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after acquiring an additional 1,034,603 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 93.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock valued at $50,767,000 after acquiring an additional 987,594 shares during the period. Wells Fargo & Company MN boosted its holdings in Franklin Dynamic Municipal Bond ETF by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after acquiring an additional 660,284 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 25.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock valued at $58,652,000 after acquiring an additional 473,020 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI opened at $24.49 on Tuesday. The stock’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $24.94. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.05 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.