Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,260 shares of the company’s stock after buying an additional 826 shares during the period. Stifel Financial Corp owned approximately 0.30% of Franklin Dynamic Municipal Bond ETF worth $617,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 143.8% during the fourth quarter. LPL Financial LLC now owns 2,591,203 shares of the company’s stock valued at $63,316,000 after acquiring an additional 1,528,430 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $11,733,000. Independent Advisor Alliance acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $3,624,000. Ocean Park Asset Management LLC bought a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at about $2,891,000. Finally, Abound Financial LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $2,873,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI opened at $24.19 on Monday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.38. The firm has a 50-day moving average of $24.22 and a two-hundred day moving average of $24.49.

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.