Sanctuary Advisors LLC Makes New Investment in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Sanctuary Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 184,194 shares of the company’s stock, valued at approximately $4,450,000. Sanctuary Advisors LLC owned approximately 2.18% of Franklin Dynamic Municipal Bond ETF as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 16.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,961 shares of the company’s stock valued at $339,000 after buying an additional 1,963 shares during the period. Pineridge Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $135,000. Creekmur Asset Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $53,000. GAMMA Investing LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at $56,000. Finally, RFG Advisory LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at $260,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:FLMI opened at $24.88 on Friday. The stock’s 50-day moving average price is $24.80 and its two-hundred day moving average price is $24.51. Franklin Dynamic Municipal Bond ETF has a 12-month low of $22.50 and a 12-month high of $25.50.

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.