Creekmur Asset Management LLC Purchases New Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Creekmur Asset Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,177 shares of the company’s stock, valued at approximately $53,000.

Other large investors have also recently made changes to their positions in the company. Pineridge Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at about $135,000. Steward Partners Investment Advisory LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 16.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,961 shares of the company’s stock worth $339,000 after acquiring an additional 1,963 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $2,146,000. Financial Advocates Investment Management boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 16.3% during the fourth quarter. Financial Advocates Investment Management now owns 37,813 shares of the company’s stock valued at $917,000 after purchasing an additional 5,289 shares in the last quarter. Finally, Collaborative Wealth Managment Inc. grew its stake in Franklin Dynamic Municipal Bond ETF by 23.2% in the fourth quarter. Collaborative Wealth Managment Inc. now owns 12,915 shares of the company’s stock worth $313,000 after purchasing an additional 2,434 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Down 0.2 %

FLMI opened at $24.49 on Monday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $22.50 and a 12-month high of $25.94. The stock has a fifty day simple moving average of $24.26 and a two-hundred day simple moving average of $24.23.

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.