Orion Portfolio Solutions LLC lowered its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,278 shares of the company’s stock after selling 4,013 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,057,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in FLMI. EverSource Wealth Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth about $192,000. D.A. Davidson & CO. purchased a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $207,000. Latitude Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at about $210,000. Acorn Wealth Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $240,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $244,000.
Franklin Dynamic Municipal Bond ETF Stock Up 0.3 %
Shares of NYSEARCA FLMI opened at $24.60 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.06 and a twelve month high of $25.38. The stock has a fifty day simple moving average of $24.59 and a 200-day simple moving average of $24.66.
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.
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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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