D.A. Davidson & CO. Purchases New Shares in Franklin Dynamic Municipal Bond ETF $FLMI

D.A. Davidson & CO. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,189 shares of the company’s stock, valued at approximately $681,000.

Other hedge funds have also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at $127,184,000. Bank of America Corp DE grew its holdings in Franklin Dynamic Municipal Bond ETF by 99.1% during the 1st quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after acquiring an additional 1,345,211 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 25.0% during the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after acquiring an additional 473,020 shares during the period. Cetera Investment Advisers grew its holdings in Franklin Dynamic Municipal Bond ETF by 23.6% in the first quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock valued at $35,869,000 after purchasing an additional 275,864 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at about $21,022,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.4%

NYSEARCA FLMI opened at $24.38 on Friday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.04 and a 1 year high of $25.46. The company has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $24.67.

About Franklin Dynamic Municipal Bond ETF

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.