Cetera Investment Advisers Sells 589 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Cetera Investment Advisers trimmed its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,461 shares of the company’s stock after selling 589 shares during the period. Cetera Investment Advisers owned approximately 0.50% of Franklin Dynamic Municipal Bond ETF worth $1,036,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLMI. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 0.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 150,768 shares of the company’s stock worth $3,679,000 after purchasing an additional 616 shares in the last quarter. SFG Wealth Management LLC. lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 3.8% in the 2nd quarter. SFG Wealth Management LLC. now owns 29,434 shares of the company’s stock worth $718,000 after purchasing an additional 1,083 shares in the last quarter. Collaborative Wealth Managment Inc. lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 7.9% in the 2nd quarter. Collaborative Wealth Managment Inc. now owns 23,769 shares of the company’s stock worth $580,000 after purchasing an additional 1,734 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth $56,000. Finally, Financial Advocates Investment Management lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 6.3% in the 2nd quarter. Financial Advocates Investment Management now owns 49,031 shares of the company’s stock worth $1,196,000 after purchasing an additional 2,890 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.1 %

Shares of FLMI opened at $24.87 on Friday. The business’s fifty day moving average is $24.83 and its 200 day moving average is $24.53. Franklin Dynamic Municipal Bond ETF has a 12-month low of $22.50 and a 12-month high of $25.50.

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.