118,300 Shares in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Bought by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 118,300 shares of the company’s stock, valued at approximately $2,891,000. Ocean Park Asset Management LLC owned 1.40% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLMI. JPMorgan Chase & Co. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock worth $5,718,000 after buying an additional 18,867 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 119.1% in the third quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock worth $611,000 after acquiring an additional 13,281 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 13.2% in the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after acquiring an additional 1,974 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 80.5% during the third quarter. Private Advisor Group LLC now owns 72,359 shares of the company’s stock worth $1,810,000 after purchasing an additional 32,275 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 57.6% in the 4th quarter. GAMMA Investing LLC now owns 63,401 shares of the company’s stock valued at $1,549,000 after purchasing an additional 23,174 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI opened at $24.64 on Tuesday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.06 and a twelve month high of $25.38. The firm’s 50-day moving average price is $24.57 and its 200 day moving average price is $24.70.

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.