Atria Investments Inc Sells 514 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Atria Investments Inc trimmed its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,397 shares of the company’s stock after selling 514 shares during the quarter. Atria Investments Inc’s holdings in Franklin Dynamic Municipal Bond ETF were worth $401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLMI. Sigma Planning Corp bought a new position in Franklin Dynamic Municipal Bond ETF in the third quarter valued at about $238,000. Thrivent Financial for Lutherans increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 35.1% in the third quarter. Thrivent Financial for Lutherans now owns 152,719 shares of the company’s stock valued at $3,820,000 after buying an additional 39,707 shares during the period. HighTower Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $3,050,000. Stifel Financial Corp raised its holdings in Franklin Dynamic Municipal Bond ETF by 119.1% in the 3rd quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock valued at $611,000 after buying an additional 13,281 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 175.1% during the 3rd quarter. Jane Street Group LLC now owns 155,451 shares of the company’s stock worth $3,888,000 after buying an additional 98,954 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $24.47 on Monday. The firm has a 50 day moving average price of $24.57 and a two-hundred day moving average price of $24.69. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week 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.