LPL Financial LLC Grows Stock Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

LPL Financial LLC lifted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 19.0% in the 1st quarter, HoldingsChannel reports. The firm owned 3,084,460 shares of the company’s stock after purchasing an additional 493,257 shares during the quarter. LPL Financial LLC owned approximately 0.13% of Franklin Dynamic Municipal Bond ETF worth $75,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth about $216,000. Janney Montgomery Scott LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 184.5% in the first quarter. Janney Montgomery Scott LLC now owns 54,579 shares of the company’s stock worth $1,334,000 after purchasing an additional 35,392 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 24.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 139,582 shares of the company’s stock worth $3,411,000 after purchasing an additional 27,036 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Franklin Dynamic Municipal Bond ETF by 662.4% during the first quarter. Envestnet Asset Management Inc. now owns 208,580 shares of the company’s stock valued at $5,098,000 after acquiring an additional 181,220 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Franklin Dynamic Municipal Bond ETF by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 235,496 shares of the company’s stock valued at $5,754,000 after acquiring an additional 6,862 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.2%

Shares of FLMI stock opened at $24.01 on Thursday. The stock has a 50 day moving average of $24.11 and a 200 day moving average of $24.27. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.38.

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.