Sequent Planning LLC Makes New Investment in Franklin Dynamic Municipal Bond ETF $FLMI

Sequent Planning LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 53,155 shares of the company’s stock, valued at approximately $1,317,000. Sequent Planning LLC owned 0.12% of Franklin Dynamic Municipal Bond ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the first quarter worth $100,000. Jane Street Group LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 37.2% in the first quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock valued at $1,107,000 after purchasing an additional 12,284 shares in the last quarter. Assetmark Inc. purchased a new position in Franklin Dynamic Municipal Bond ETF in the second quarter valued at about $60,000. Sigma Planning Corp increased its position in Franklin Dynamic Municipal Bond ETF by 74.7% in the 2nd quarter. Sigma Planning Corp now owns 16,617 shares of the company’s stock worth $403,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Franklin Dynamic Municipal Bond ETF by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,032 shares of the company’s stock worth $6,745,000 after purchasing an additional 14,661 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Down 0.1%

FLMI opened at $25.14 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.46. The business has a 50-day moving average of $25.12 and a 200-day moving average of $24.87.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0748 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.