Smartleaf Asset Management LLC Purchases New Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Smartleaf Asset Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 88,941 shares of the company’s stock, valued at approximately $2,198,000. Smartleaf Asset Management LLC owned about 0.20% of Franklin Dynamic Municipal Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FLMI. Ameritas Advisory Services LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth about $30,000. Assetmark Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at approximately $60,000. NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at approximately $100,000. SouthState Corp boosted its holdings in Franklin Dynamic Municipal Bond ETF by 31.2% in the second quarter. SouthState Corp now owns 4,532 shares of the company’s stock worth $110,000 after purchasing an additional 1,078 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the second quarter valued at $200,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:FLMI opened at $25.15 on Monday. The company’s fifty day moving average is $24.94 and its two-hundred day moving average is $24.71. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.17.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.0762 dividend. The ex-dividend date was Monday, February 2nd. This is an increase from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Franklin Dynamic Municipal Bond ETF Company 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.