Cedar Point Capital Partners LLC Has $937,000 Stock Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Cedar Point Capital Partners LLC grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,363 shares of the company’s stock after buying an additional 1,936 shares during the period. Cedar Point Capital Partners LLC owned approximately 0.45% of Franklin Dynamic Municipal Bond ETF worth $937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sigma Planning Corp bought a new stake in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $238,000. CWM LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 592.5% in the 3rd quarter. CWM LLC now owns 10,007 shares of the company’s stock valued at $250,000 after acquiring an additional 8,562 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $349,000. TrueWealth Advisors LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 24.9% in the 3rd quarter. TrueWealth Advisors LLC now owns 15,891 shares of the company’s stock valued at $397,000 after acquiring an additional 3,172 shares in the last quarter. Finally, Atria Investments Inc lifted its position in Franklin Dynamic Municipal Bond ETF by 13.2% in the 3rd quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock valued at $423,000 after acquiring an additional 1,974 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:FLMI opened at $24.48 on Thursday. The company’s 50-day moving average price is $24.63 and its two-hundred day moving average price is $24.69. Franklin Dynamic Municipal Bond ETF has a one year low of $24.06 and a one year high of $25.38.

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.