Ocean Park Asset Management LLC boosted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 307.0% in the 1st quarter, Holdings Channel reports. The firm owned 351,200 shares of the company’s stock after acquiring an additional 264,900 shares during the quarter. Ocean Park Asset Management LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $8,706,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $25,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $42,000. BOKF NA bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $62,000.
Franklin Dynamic Municipal Bond ETF Price Performance
Shares of NYSEARCA:FLMI opened at $25.07 on Monday. The company has a 50 day moving average of $24.96 and a 200 day moving average of $24.99. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.94 and a 12 month 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.
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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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