Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Stock Position Increased by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 119.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,434 shares of the company’s stock after purchasing an additional 13,281 shares during the period. Stifel Financial Corp owned 0.29% of Franklin Dynamic Municipal Bond ETF worth $611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 116,983 shares of the company’s stock valued at $2,854,000 after buying an additional 6,974 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Franklin Dynamic Municipal Bond ETF by 7.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 106,440 shares of the company’s stock valued at $2,597,000 after acquiring an additional 7,362 shares in the last quarter. Harbour Investments Inc. boosted its position in Franklin Dynamic Municipal Bond ETF by 285.1% during the 2nd quarter. Harbour Investments Inc. now owns 28,777 shares of the company’s stock worth $702,000 after acquiring an additional 21,304 shares during the period. Financial Advocates Investment Management grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 6.3% in the second 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. Finally, International Assets Investment Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth $204,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $24.48 on Thursday. The firm’s 50-day simple moving average is $24.73 and its 200 day simple moving average is $24.70. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $24.06 and a fifty-two week 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.