Franklin Dynamic Municipal Bond ETF $FLMI Stock: ShoreHaven Wealth Partners LLC Cuts Stake

ShoreHaven Wealth Partners LLC decreased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 25.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,862 shares of the company’s stock after selling 25,866 shares during the quarter. ShoreHaven Wealth Partners LLC owned 0.08% of Franklin Dynamic Municipal Bond ETF worth $1,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. True Blue Financial LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 90.9% in the third quarter. True Blue Financial LLC now owns 29,177 shares of the company’s stock valued at $680,000 after purchasing an additional 13,894 shares during the last quarter. Summit Financial Consulting LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 5.6% during the 3rd quarter. Summit Financial Consulting LLC now owns 40,281 shares of the company’s stock worth $939,000 after buying an additional 2,125 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $3,058,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $127,184,000. Finally, Triumph Capital Management acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at about $82,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.0%

NYSEARCA FLMI opened at $23.62 on Friday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.04 and a 12-month high of $25.46. The company has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $24.60.

Franklin Dynamic Municipal Bond ETF Company 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.