Sax Wealth Advisors LLC Purchases Shares of 30,691 Franklin Dynamic Municipal Bond ETF $FLMI

Sax Wealth Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,691 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FLMI. Allworth Financial LP acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $42,000. BOKF NA acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth approximately $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $62,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.72 on Tuesday. The firm has a 50-day moving average of $24.93 and a 200-day moving average of $24.99. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.05 and a 52-week high of $25.46.

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.